Astin Company Has Current Assets of $82,530, Total Assets of $242,050

question 162

Multiple Choice

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,120, and total liabilities of $205,300. Astin's Company's working capital is

• A) $10,410
• B) $24,920
• C) $36,570
• D) $68,650

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Definitions:

Fair Value

The value obtained or paid in the process of selling an asset or managing a liability within a planned negotiation among market contributors on the valuation day.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets, reflecting factors such as brand, customer base, and reputation.

Business Combination

A transaction or other event in which an acquirer gains control over one or more businesses, typically through the acquisition of equity interests or assets.

Fair Value

A valuation representing what an asset or liability might sell for in a deal between informed, consenting participants engaged in a fair transaction.