Use the Following Data to Determine the Total Amount of Working

question 10

Multiple Choice

Use the following data to determine the total amount of working capital. $\begin{array} { l } \text { Koonce Office Supplies}\\ \text { Balance Sheet }\\ \text { December 31,2022}\\\begin{array}{lr}\text { Cash } & \$ 195,000 \\\text { Accounts receivable } & 150,000 \\\text { Inventory } & 165,000 \\\text { Prepaid insurance } & 90,000 \\\text { Stock investments } & 255,000 \\\text { Land } & 270,000\\ \text { Buildings}&\$315,000\\ \text {Less: Accumulated }\\\text { depreciation } (60,000) & 255,000 \\\text { Trademarks } & 210,000 \\\text { Total assets } & \$ 1590,000\\\end{array}&\begin{array}{lr}\text { Accounts payable } & \$ 210,000 \\\text { Salaries and wages payable } & 30,000 \\\text { Mortgage payable } & 240,000 \\\quad \text { Total liabilities } & 480,000\\\\\\\text { Common stock } & 360,000 \\\text { Retained earnings } &{750,000} \\\text { Total stockholders' equity } & 1,110,000 \\\text { Total liabilities and } & \\\text { stockholders' equity } & \$ 1590,000\\\end{array}\end{array}$

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Definitions:

TENS

Transcutaneous Electrical Nerve Stimulation (TENS) is a method of pain relief involving the use of a device that delivers small electrical impulses through electrodes on the skin.

Chronic Low-back Pain

A medical condition characterized by pain, muscle tension, or stiffness localized below the costal margin and above the inferior gluteal folds, with duration lasting more than three months.

Management

The process of controlling or overseeing operations and tasks within an organization or project to achieve specific goals.

Confidentiality

The ethical principle or legal right that a physician or other health professional will hold secret all information relating to a patient, unless the patient gives consent permitting disclosure.