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18. Based on the following data, what is the amount of working capital Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities
18. Based on the following data, what is the amount of working capital Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance A) $284,000 B) $332,000 C) $370,000 D) $326,000 S64,000 114,000 70,000 100,000 138,000 160,000 200,000 80,000 56,000 1,340,000 2,000 caleulate the debt to 19. Using H&R Block's balance sheet for 2018 (separate handout), assets ratio: A) 26.86% B) 47.58% C) 87.47% D) 145.22% What organity Exchange A) Security Exchange Commission B) Int C) International Auditing Standards Committee D) Financial Accounting Standards Board accounting standards? dad Cote organization issues U.S. ernational Accounting Standards Committee 21. An item is considered material if A) it doesn't costs a lot of money B) it is of a tangible good. C) its size is likely to influence the decision of an investor or creditor. cost of reporting the item is greater than its benefits. 22. A paid dividend A) decreases assets and stockholders' equity. B) increases assets and stockholders' equity. C) increases assets and decreases stockholders' equity. D) decreases assets and increases stockholders' equity. Page 6
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