yable P50,000, Accrued liabilities P9,000, Cash P40,000, Intangible assets P45,000, Inventory 3,000, Long term liabilities P78,000, Marketable securities P39,000, Shorter term notes

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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Charles has the details of following information: Accounts receivables P85,000, Accounts
payable P50,000, Accrued liabilities P9,000, Cash P40,000, Intangible assets P45,000, Inventory
P83,000, Long term liabilities P78,000, Marketable securities P39,000, Shorter term notes
payable P35,000, prepaid expenses P4,000, Plant and equipment 710,000. Find amount of
working capital?
Transcribed Image Text:Charles has the details of following information: Accounts receivables P85,000, Accounts payable P50,000, Accrued liabilities P9,000, Cash P40,000, Intangible assets P45,000, Inventory P83,000, Long term liabilities P78,000, Marketable securities P39,000, Shorter term notes payable P35,000, prepaid expenses P4,000, Plant and equipment 710,000. Find amount of working capital?
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