Author Question: Working Capital = a. Current Assets - Long-Term Liabilities b. Current Assets - Current ... (Read 231 times)

ssal · **on:** Jul 6, 2018

Working Capital =
a. Current Assets - Long-Term Liabilities
b. Current Assets - Current Liabilities
c. Long Term Assets - Long Term Liabilities
d. Total Assets - Total Liabilities

Question 2

Payments in lieu of taxes that are not payments for services from a government's Enterprise Fund to its General Fund should be reported by the Enterprise Fund as

a. Operating expenses
b. Nonoperating expenses
c. Transfers out
d. Special item