Question

Union X records the loan as a liability. 2. Which of the following is an item of working capital? A. Fixed assets B. Long-term investments C. Accounts receivable D. Bonds payable 3. ..... ........ of past event? A. Expense B. Asset Is the present obligation of the entity to transfer C. Equity D. Liability 1. When a labor union purchases property, plant, and equ statement of cash flows? A. As a source of cash in the "cash from investing activ B. As a source of cash in the "cash from financing activ C. As a use of cash in the "cash from investing activitie D. As a use of cash in the "cash from operating activitie Is the residual interest in the total asset of abilities? - Equity Revenue Asset Liability ch of the following documents authorizes the purch Credit memo from supplier voice or bill from supplier rchase order a se​

Answer 1

Working capital is an item on the balance sheet that represents the bank's ability to meet short-term financial obligations and is calculated by subtracting current liabilities from current assets.

A bank's balance sheet is an accounting tool that lists assets and liabilities. An asset is something of value that a bank owns and can use to produce something, such as cash held in its vaults. A liability is a debt or something the bank owes, for example, loans or deposits from customers. Working capital is an item on the balance sheet that represents the bank's ability to meet short-term financial obligations and is calculated by subtracting current liabilities from current assets. Therefore, the correct answer is C. Accounts receivable.