Working capital is calculated as: a. current assets minus current liabilities. b. total assets minus total liabilities.
Question:
Working capital is calculated as:
a. current assets minus current liabilities.
b. total assets minus total liabilities.
c. non-current liabilities minus current liabilities.
d. either total assets minus total liabilities, or non-current liabilities minus current liabilities.
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The correct answer is a Working capital is calculated as current assets minus current liab...View the full answer
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Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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