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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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is