Answered: Long-term debt…

Long-term debt $40 Retained earnings 30 Current assets 150 Property, plant, and equipment 60 Common stock 130 Current liabilities 50 Working capital amounts to a. $150 b. $130 c. $120 d. $100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Information:

Long-term debt $40

Retained earnings 30

Current assets 150

Property, plant, and equipment 60

Common stock 130

Current liabilities 50

Working capital amounts to

a. $150

b. $130

c. $120

d. $100

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