Use the information below for Harding Company to answer the question that follow.Harding CompanyAccounts payable$27,995Accounts receivable67,443Accrued liabilities6,489Cash18,231Intangible assets40,910Inventory73,225Long-term investments110,039Long-term liabilities76,849Marketable securities33,317Notes payable (short-term)26,370Property, plant, and equipment606,242Prepaid expenses1,687Based on the data for Harding Company, what is the amount of working capital?

Name: Use the information below for Harding Company to answer the question t
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Use the information below for Harding Company to answer the question that follow.Harding CompanyAccounts payable$27,995Accounts receivable67,443Accrued liabilities6,489Cash18,231Intangible assets40,910Inventory73,225Long-term investments110,039Long-t

Current assets means those assets which are convertible in to cash with 12 months. Long term investment are those which are not held for sale in near future. Property plant and equipment are those fixed assets which are used in business for making profits. Intangible assets are those assets whom we cannot see or touch but help business in making profit e.g. goodwill. Current liabilities are those liabilities which are to be paid in 12 months. Loan term liabilities are those liabilities which are to be paid after 12 months. Working capital means the difference between current assets and current liabilities.

Answered: Use the information below for Harding…

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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Use the information below for Harding Company to answer the question that follow.

Harding Company
Accounts payable	$27,995
Accounts receivable	67,443
Accrued liabilities	6,489
Cash	18,231
Intangible assets	40,910
Inventory	73,225
Long-term investments	110,039
Long-term liabilities	76,849
Marketable securities	33,317
Notes payable (short-term)	26,370
Property, plant, and equipment	606,242
Prepaid expenses	1,687

Based on the data for Harding Company, what is the amount of working capital?

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