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

[ssal]

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

[DylanD1323]

Answer to Question 1

B

Answer to Question 2

C

[ssal]

Thanks for the timely response, appreciate it

[juliaf]

TYSM