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

question 168

Multiple Choice

NICO Corporation had net current assets of $2,000,000 at the end of 2010 and $1,800,000 at the end of 2009. In addition, NICO had net spontaneous current liabilities of $1,000,000 in 2010 and $1,500,000 in 2009. Using this information, NICO's net current asset investment for 2010 was

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

---

Definitions:

Prime Minister

The head of government in a parliamentary or semi-presidential system, typically the leader of the majority party.

Freedom of the Press

A principle that allows for the unrestricted publishing and dissemination of information through various media channels, without interference from the government.

LGBTQ

LGBTQ is an acronym standing for Lesbian, Gay, Bisexual, Transgender, and Queer (or Questioning), representing a community of people with diverse sexual orientations and gender identities.

Product Placement

A marketing strategy where branded goods or services are placed in a context usually devoid of ads, such as movies, the story line of television shows, or news programs.