Which of the Accounts Listed Is Not Part of a Firm's

question 58

Multiple Choice

Which of the accounts listed is not part of a firm's working capital?

• A) Plant and equipment
• B) Marketable securities
• C) Cash
• D) Accounts receivable

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Definitions:

Compensation

Payment or reparation received by someone as a recompense for loss, injury, or suffering.

Misrepresentation

The act of presenting false or misleading statements that lead someone to enter into a contract under mistaken understanding.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

Set Aside

A legal term that refers to the court's power to invalidate or annul a decision or action.