A company had the following assets and liabilities at 31 December 2019.$Trade receivables30,000Trade payables12,600Short-term bank deposit8,800Bank loan repayable on 1 May 201920,000Bank loan interest unpaid500Motor vehicle9,400What was the working capital?

Working capital refers to the total amount of funds that a business entity must have in order to…

Answered: What was the working capital?

Business

Finance

What was the working capital?

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

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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