At the Beginning of the Year, a fiRm Has Current

question 46

Multiple Choice

At the beginning of the year, a firm has current assets of £380 and current liabilities of £210.At the end of the year, the current assets are £410 and the current liabilities are £250.What is the change in net working capital?

• A)-£30
• B)-£10
• C)£0
• D)£10
• E)£30

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Definitions:

Sediment

Particles of rock, soil, or organic material that are transported and deposited by wind, water, or ice.

Processes

The series of actions, changes, or functions that bring about a result or are involved in the way natural phenomena occur.

Sedimentary Rocks

Rocks formed by the accumulation and compression of sediment, which may include minerals, organic matter, and fragments of other rocks.

Exposed Surface

An area where materials such as rock, soil, or sediment are not covered by vegetation or man-made structures and are visible.