AICPA Exam CPA-Business Topic 2 Question 58 Discussion

Actual exam question for AICPA's CPA Business Environment and Concepts exam

Question #: 58
Topic #: 2

Net working capital is the difference between:

ACurrent assets and current liabilities.

BFixed assets and fixed liabilities.

CTotal assets and total liabilities.

DTotal assets and current liabilities.

Show Suggested Answer

Suggested Answer: A

Choice 'a' is correct. Current assets minus current liabilities equals net working capital.

Choices 'b', 'c', and 'd' are incorrect, per the above Explanation:.

by Lili at Sep 22, 2022, 10:39 PM

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