At the Beginning of the Year,a Firm Had Current Assets

question 74

Multiple Choice

At the beginning of the year,a firm had current assets of $121,306 and current liabilities of $124,509.At the end of the year,the current assets were $122,418 and the current liabilities were $103,718.What is the change in net working capital?

• A)-$19,679
• B)-$11,503
• C)-$9,387
• D)$1,809
• E)$21,903

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Definitions:

Specialized Tool Production

The creation of tools designed for specific functions, often indicating a level of technological advancement and craft specialization.

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Oils used in the preparation of bodies for burial or cremation, often with the belief of purifying or consecrating the deceased.

Lapis Lazuli

A dark blue stone that undergoes metamorphosis, valued as a semi-precious gem for its vivid hue, cherished from ancient times.

Hydraulic Theory

In archaeology, the theory that explains civilization's emergence as the result of the construction of elaborate irrigation systems, the functioning of which required full-time managers whose control blossomed into the first governing body and elite social class; also known as irrigation theory.