menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Financial Accounting
  4. Exam
    Exam 4: Completion of the Accounting Cycle
  5. Question
    If Current Assets Are $1,500 and Current Liabilities Are $1,000
Solved

If Current Assets Are $1,500 and Current Liabilities Are $1,000

Question 15

Question 15

Multiple Choice

If current assets are $1,500 and current liabilities are $1,000, the working capital is:


A) ($500) .
B) $500.
C) 0.7 to 1.
D) 1.5 to 1.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: Indicate whether the following items are current

Q11: Adjustments are journalized and posted only at

Q12: The post-closing trial balance will:<br>A) be prepared

Q13: Define and give an example of a

Q14: Identify the following accounts as either Temporary

Q16: Non-current liabilities such as bank notes payable,

Q17: Unearned revenue is an example of a

Q18: The closing entry for the drawings accounts

Q19: The relationship between current assets and current

Q20: The following are the nine steps in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines