Author Question: Young Corporation has Current Assets of 125,000, Current Liabilities of 50,000, Long-Term ... (Read 163 times)

renzo156 · **on:** Jul 6, 2018

Young Corporation has Current Assets of 125,000, Current Liabilities of 50,000, Long-Term Liabilities of 25,000 and Total Assets of 300,000 . What is the working capital of Young Corporation?
a. 75,000
b. 150,000
c. 425,000
d. 500,000

Question 2

The operations of a city bus line receiving all its funding from user charges would be accounted for in

A. A General Fund.
B. An Enterprise Fund.
C. An Internal Service Fund.
D. A Special Revenue Fund.