Total Assets Are $1000,fixed Assets Are $700,long-Term Debt Is $250,and

question 85

Multiple Choice

Total assets are $1000,fixed assets are $700,long-term debt is $250,and short-term debt is $300. What is the amount of net working capital?

• A) $0
• B) $50
• C) $300
• D) $650
• E) $700

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Definitions:

Supplies Expense

The cost incurred from consuming supplies that are used during the operation of a business, often classified as an expense on the income statement.

Supplies

Items used in the daily operations of a business, not directly tied to the product or service being sold.

Depreciation Expense

The distribution of a physical asset's cost over its lifespan to account for depreciation or becoming outdated.

Building

A structure with a roof and walls, such as a house, school, or factory, constructed as a place for people to live, work, or carry out activities.