Use the Information Below for Harding Company to Answer the Questions

question 105

Multiple Choice

Use the information below for Harding Company to answer the questions that follow.
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$\text { Harding Company }$
$\begin{array}{lr}\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 65,000 \\\text { Accrued liabilities } & 7,000 \\\text { Cash } & 30,000 \\\text { Intangible assets } & 40,000 \\\text { Inventory } & 72,000 \\\text { Long-term investments } & 110,000 \\\text { Long-term liabilities } & 75,000 \\\text { Marketable securities } & 36,000 \\\text { Notes payable (short-term) } & 30,000 \\\text { Property, plant, and equipment } & 625,000 \\\text { Prepaid expenses } & 2,000\end{array}$
-Based on the data for Harding Company, what is the amount of working capital?

• A) $238,000
• B) $128,000
• C) $168,000
• D) $203,000

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Definitions:

External Search

The process consumers undergo seeking information from sources outside themselves, such as reviews or expert opinions, before making a purchase decision.

Problem Recognition

The initial stage in the buying process where a consumer identifies a need or problem that requires a solution.

Internal Search

The process by which individuals recall information from their memory to make a decision, often used in the context of consumer decision-making.

Purchase Task

Involves the specific actions and considerations an individual also undertakes when deciding to buy a product or service.