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Halbur Company Reported Total Assets of $150,000, Current Assets of $60,000

Question 61

Essay

Halbur Company reported total assets of $150,000, current assets of $60,000, total stockholders' equity of $60,000, and noncurrent liabilities of $65,000.
Required:
(show computations):
1. Determine the current liabilities.
2. Compute working capital.

Correct Answer:

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1. Total assets $150,000 = Current liabi...

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