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A Company Has Total Assets of $120,000, Current Assets of $63,000

question 80

Multiple Choice

A company has total assets of $120,000, current assets of $63,000, total liabilities of $50,000, and current liabilities of $36,000. What amount of working capital is available to meet its obligations?

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Definitions:

NALA

The National Association of Legal Assistants, an organization for paralegals and legal assistants that provides continuing education and professional certification.

Legal Assistant

A professional who aids lawyers in the delivery of legal services, performing tasks such as research, document preparation, and client interaction, under the supervision of an attorney.

Degrees

Units of measurement or levels of achievement, often used in the context of education, temperature, or the severity of crimes.

Certificates

Official documents attesting to a certain fact or qualification, often issued by a relevant authority or institution.

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