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Which of the following items affect Streamer's the working capital (current assets and current liabilities)? a) Cash of $38,000 has been placed in a fund

Which of the following items affect Streamer's the working capital (current assets and current liabilities)? a) Cash of $38,000 has been placed in a fund for the retirement of long-term debt. The cash and long-term debt have been offset and are not reflected in the financial statements. b) Long-term assets include $50,000 in Investment in Jones Company bonds. c) Cash of $14,000 has been set aside to pay taxes due. The cash and taxes payable have been offset and do not appear in the financial statements. d) Streamer received a collection in the amount of $21,000 from customers on account. The following totals are taken from the Dec. 31,2012, balance sheet of Streamer Company: Current Assets $350,000 Long-term assets $800,000 Current Liabilities $240,000 Long-term Liabilities $270,000 Beginning a. b. c. d. Totals

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