Net Working Capital Is Defined As

question 179

Multiple Choice

Net working capital is defined as:

• A)current assets minus current liabilities.
• B)working capital minus short-term debt.
• C)current assets plus current liabilities.
• D)All of the above

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Definitions:

Fiduciary

A person or entity entrusted to manage assets or interests of another with a duty to act in their best interest.

Trust

A fiduciary relationship in which one party holds legal title to property for the benefit of another.

Express Authority

The power granted to an agent or entity explicitly and clearly by the principal or by law.

Actual Authority

The power granted to an agent by a principal to legally bind the principal in transactions with third parties.