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FINRA Series 7

Category - Series 7

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The total assets of a corporation are $840,000, of which $350,000 are current items. Total liabilities are $460,000, of which $290,00 are fixed obligations. How much is the corporation’s working capital?

$60,000
$110,000
$180,000
$380,000

Explanation

Answer: C - $180,000. Subtract current liabilities from current assets. Current liabilities are $170,000 ($460,000 - $290,000).

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