At the Beginning of the Year, a Firm Has Current

question 399

Multiple Choice

At the beginning of the year, a firm has current assets of $91,807 and current liabilities of $102,343. At the end of the year, the current assets are $89,476 and the current liabilities are $92,638. What is the change in net working capital?

• A) -$13,698
• B) -$8,407
• C) $2,109
• D) $7,374
• E) $11,991

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Definitions:

Symbolic Play

A type of play in which children use objects, actions, or ideas to represent other objects, actions, or ideas, as part of their cognitive development.

Sensorimotor Stage

Piaget’s first stage in cognitive development, in which infants learn through senses and motor activity.

Recognition Memory

The ability to recognize previously encountered events, objects, or people.

Preoperational

Pertains to Piaget's stage of cognitive development (roughly ages 2-7) where children start to use language but do not yet comprehend concrete logic.