Which of the Following Would NOT Be Considered an Element

question 31

Multiple Choice

Which of the following would NOT be considered an element of working capital?

• A) Investment securities (current)
• B) Work in process inventories
• C) Accrued interest on notes payable
• D) Organization costs

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Definitions:

Maximum Price

The highest price a buyer is willing to pay for a good, service, or financial instrument.

Non-Redeemable GICs

Guaranteed Investment Certificates that cannot be cashed in before their maturity date without incurring a penalty.

Maturity Value

The amount of money an investment will be worth at the end of its term, including the original principal and all accrued interest.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.