Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

The statement of financial position for a company lists the following items: tangible non-current assets: $20600 intangible non-current assets: $5700 trade receivables: $8600 trade payables: $3200 loan repayable in three years: $4000 bank balance: credit $5200 inventory: $6900 What is the total working capital?

  • A$3100
  • B$7100
  • C$17500
  • D$29400

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