Which of the Following Is Not a Part of Working

question 282

Multiple Choice

Which of the following is not a part of working capital?

• A)The short-term credit offered by a supplier.
• B)The tax that is due within a year.
• C)The cash held in the cash register for making change on a daily basis.
• D)The building in which daily operations take place.

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Definitions:

Quality Assurance

A systematic process designed to determine whether a product or service meets specified quality standards.

Traditional Product Costing Systems

Costing methods that typically allocate overhead costs based on a single volume-based cost driver, which may not accurately reflect the actual resources consumed by products.

Activity Rates

Predetermined charges used in activity-based costing to allocate costs to products or services based on the activities required for their production.

Quality Inspection

The process of examining and testing goods or services to ensure they meet specified standards of quality before they are sold or delivered.