Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $28,964 Accounts receivable 68,886 Accrued liabilities 6,201 Cash 24,643 Intangible assets 36,219 Inventory 82,083 Long-term investments 110,383 Long-term liabilities 74,925 Notes payable (short-term) 25,719 Property, plant, and equipment 654,228 Prepaid expenses 1,639 Temporary investments 30,841 Based on the data for Harding Company, what is the amount of working capital? a.$1,008,922 b.$208,092 c.$652,589 d.$147,208

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
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  1. Use the information provided for Harding Company to answer the question that follow.

    Harding Company
    Accounts payable $28,964
    Accounts receivable 68,886
    Accrued liabilities 6,201
    Cash 24,643
    Intangible assets 36,219
    Inventory 82,083
    Long-term investments 110,383
    Long-term liabilities 74,925
    Notes payable (short-term) 25,719
    Property, plant, and equipment 654,228
    Prepaid expenses 1,639
    Temporary investments 30,841

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

    a.$1,008,922
    b.$208,092
    c.$652,589
    d.$147,208
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