Use the Information Below for Harding Company to Answer the Questions

question 32

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 quick assets?

• A) $205,000
• B) $203,000
• C) $131,000
• D) $66,000

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Definitions:

Healthy Disputes

Conflicts or disagreements that are managed and resolved in constructive ways, contributing to personal or group development.

Competition

The rivalry among businesses or individuals for resources, recognition, or gain, where the success of one is achieved at the expense of the success of competitors.

Proposal

A plan or suggestion, especially a formal or written one, put forward for consideration or discussion by others.

Avoidance

The action of keeping away from or not doing something, often used as a coping strategy in conflict or stress.