Question
The company has the following accounts on the Balance Sheet: Cash: CAD 10,000 Accounts Receivable: CAD 15,000 Prepaid Expenses: CAD 10,000 Investments: CAD 50,000
The company has the following accounts on the Balance Sheet: Cash: CAD 10,000 Accounts Receivable: CAD 15,000 Prepaid Expenses: CAD 10,000 Investments: CAD 50,000 Fixed Assets: CAD 7,000 Accounts Payable: CAD 8,000 Accrued Expenses: CAD 2,000 Long-Term Debt: CAD 50,000 Equity: CAD 32,000 What is the net working capital of the company?
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
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