Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,229 Accounts receivable 69,846 Accrued liabilities 6,621 Cash 24,043 Intangible assets 41,585 Inventory 80,918 Long-term investments 113,099 Long-term liabilities 70,392 Marketable securities 36,458 Notes payable (short-term) 29,239 Property, plant, and equipment 682,295 Prepaid expenses 1,350 Based on the data for Harding Company, what is the amount of working capital? a.$145,526 b.$680,945 c.$1,049,594 d.$212,615
Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,229 Accounts receivable 69,846 Accrued liabilities 6,621 Cash 24,043 Intangible assets 41,585 Inventory 80,918 Long-term investments 113,099 Long-term liabilities 70,392 Marketable securities 36,458 Notes payable (short-term) 29,239 Property, plant, and equipment 682,295 Prepaid expenses 1,350 Based on the data for Harding Company, what is the amount of working capital? a.$145,526 b.$680,945 c.$1,049,594 d.$212,615
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.10E
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Use the information below for Harding Company to answer the question that follow.
Harding Company | |
Accounts payable | $31,229 |
Accounts receivable | 69,846 |
Accrued liabilities | 6,621 |
Cash | 24,043 |
Intangible assets | 41,585 |
Inventory | 80,918 |
Long-term investments | 113,099 |
Long-term liabilities | 70,392 |
Marketable securities | 36,458 |
Notes payable (short-term) | 29,239 |
Property, plant, and equipment | 682,295 |
Prepaid expenses | 1,350 |
Based on the data for Harding Company, what is the amount of
a.$145,526
b.$680,945
c.$1,049,594
d.$212,615
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