A Corporation Reports the Following Year-End Balance Sheet Data

question 106

Multiple Choice

A corporation reports the following year-end balance sheet data. The company's working capital equals: $\begin{array}{lrcc}\text { Cash } & \$ 400,000 & \text { Current liabilities } & \$ 75,000 \\\text { Accounts receivable } & 55,000 & \text { Long-term liabilities } & 35,000 \\\text { Inventory } & 60,000 & \text { Common stock } & 100,000\end{array}$

$\begin{array}{cclc}\text { Equipment } & 145,000 & \text { Retained earnings } & 90,000 \\\text { Total assets } & \$ 300,000 & \text { Total liabilities and equity } & \$ 300,000\end{array}$

• A) $75,000
• B) $155,000
• C) $300,000
• D) $80,000
• E) $190,000

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Refers to the act of gathering items, often of a specific kind, as a hobby or for study.

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Belonging to or associated with a device or apparatus designed to perform a specific task, typically involving mechanical or electronic operations.