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
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
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
Related questions
Topic Video
Question
Use the information provided for Harding Company to answer the question that follow.
Harding Company | |
Accounts payable | $30,595 |
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
a.$989,757
b.$623,679
c.$155,145
d.$216,306
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College