Use the Information Below for Harding Company to Answer the Questions

question 32

Multiple Choice

Use the information below for Harding Company to answer the questions that follow.
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$\text { Harding Company }$
$\begin{array}{lr}\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 65,000 \\\text { Accrued liabilities } & 7,000 \\\text { Cash } & 30,000 \\\text { Intangible assets } & 40,000 \\\text { Inventory } & 72,000 \\\text { Long-term investments } & 110,000 \\\text { Long-term liabilities } & 75,000 \\\text { Marketable securities } & 36,000 \\\text { Notes payable (short-term) } & 30,000 \\\text { Property, plant, and equipment } & 625,000 \\\text { Prepaid expenses } & 2,000\end{array}$
-Based on the data for Harding Company, what is the amount of quick assets?

• A) $205,000
• B) $203,000
• C) $131,000
• D) $66,000

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Definitions:

Combination Act

Legislation passed in the United Kingdom during the early 19th century, specifically designed to restrict the activities of trade unions and prevent workers from organizing or striking.

Striking Workers

Employees who cease work as a form of protest, typically in an effort to obtain better wages, working conditions, or other employment terms from their employers.

Jailed Without Trial

The practice of detaining individuals without the opportunity to have a hearing or trial, often criticized for violating human rights and the principle of due process.

Émile

A foundational work on education and human nature by French philosopher Jean-Jacques Rousseau, published in 1762.