From the Following Data, Calculate the Amount of Working Capital

question 71

Multiple Choice

From the following data, calculate the amount of working capital. $$\begin{array} { l r } \text { Accounts payable } & 58,000 \\\text { Accounts receivable } & 47,000 \\\text { Accrued liabilities } & 3,000 \\\text { Cash } & 29,560 \\\text { Intangible assets } & 57,000 \\\text { Inventory } & 48,000 \\\text { Long-term investments } & 127,000 \\\text { Long-term liabilities } & 41,000 \\\text { Marketable securities } & 32,000 \\\text { Notes payable (short-term) } & 28,000 \\\text { Property, plant, and equipment } & 784,000 \\\text { Prepaid expenses } & 7,500\end{array}$$

• A) $98,060
• B) $72,000
• C) $75,060
• D) $77,060

Recognize the components and classifications of cash flows within the statement (operating, investing, and financing activities).

Distinguish between cash flows from operating activities and other activities (investing and financing).

Identify examples of cash flows from investing and financing activities.

Understand the adjustments made to net income in computing cash flows from operating activities using the indirect method.

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Definitions:

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A systematic approach to understanding the differences and characteristics that make up an individual's personality.

Rep Test

The Role Construct Repertory Test, a psychological test used to assess an individual's personal construct system.

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Theory positing that individuals interpret the world and phenomena through a system of personal constructs, which are dichotomous mental representations.

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