NICO Corporation Had Net Current Assets of $2,000,000 at the End

question 135

Multiple Choice

NICO Corporation had net current assets of $2,000,000 at the end of 2015 and $1,800,000 at the end of 2014. In addition, NICO had net spontaneous current liabilities of $1,000,000 in 2015 and $1,500,000 in 2014. Using this information, NICO's net current asset investment for 2014 was ________.

• A) $700,000
• B) -$300,000
• C) $300,000
• D) -$700,000

---

Definitions:

Chromosomes Migrate

Chromosomes migrate is a process during cell division where chromosomes move to opposite ends of the cell to ensure genetic material is evenly distributed to daughter cells.

Chromatin Strands

Fibers made of DNA and proteins (histones) that tightly pack together to form chromosomes within the nucleus of a cell.

Cytokinesis

Division of the cytoplasm during cell division.

Internal Membrane Surface

This refers to the surface area within a cell that is bounded by the cell's internal membranes, such as those of the endoplasmic reticulum or mitochondria.