Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $30,595 Accounts receivable 74,221 Accrued liabilities 6,421 Cash 16,161 Intangible assets 43,419 Inventory 83,968 Long-term investments 103,474 Long-term liabilities 78,663 Notes payable (short-term) 24,145 Property, plant, and equipment 626,558 Prepaid expenses 2,879 Temporary investments 39,077 Based on the data for Harding Company, what is the amount of working capital? a.$989,757 b.$623,679 c.$155,145 d.$216,306

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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Use the information provided for Harding Company to answer the question that follow.

Harding Company
Accounts payable $30,595
Accounts receivable 74,221
Accrued liabilities 6,421
Cash 16,161
Intangible assets 43,419
Inventory 83,968
Long-term investments 103,474
Long-term liabilities 78,663
Notes payable (short-term) 24,145
Property, plant, and equipment 626,558
Prepaid expenses 2,879
Temporary investments 39,077

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

a.$989,757
b.$623,679
c.$155,145
d.$216,306
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