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25. Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $29,809 Accounts receivable 60,870 Accrued liabilities 6,692
25.
Use the information provided for Harding Company to answer the question that follow.
Harding Company | |
Accounts payable | $29,809 |
Accounts receivable | 60,870 |
Accrued liabilities | 6,692 |
Cash | 18,613 |
Intangible assets | 40,142 |
Inventory | 84,071 |
Long-term investments | 104,137 |
Long-term liabilities | 73,774 |
Notes payable (short-term) | 21,163 |
Property, plant, and equipment | 668,591 |
Prepaid expenses | 1,516 |
Temporary investments | 34,421 |
Based on the data for Harding Company, what is the amount of working capital?
a.$667,075
b.$199,491
c.$1,012,361
d.$141,827
26. Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $73,600 and declared dividends of $17,000 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method?
Decrease or Increase? of $__________
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