Working Capital Is

question 48

Multiple Choice

Working capital is

• A) the difference between total assets and current liabilities.
• B) the excess of current assets over current liabilities.
• C) the difference between current assets and total liabilities.
• D) the excess of total assets over total liabilities.

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Definitions:

Benefit Corporation

A type of for-profit corporate entity, recognized by some states, that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.

Material Positive Impact

A substantial and beneficial effect on the success, performance, or value of a business, project, or situation.

Articles Of Incorporation

A document filed with a state by the founders of a corporation that outlines its purpose, place of business, and other details of its operations.

Corporate Name

The official legal name of a corporation, under which it conducts business.