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Using the following balance sheet and income statement data, what is the total amount of working capital?

Current assets $12,000 Net income $12,000
Current liabilities 8,000 Stockholders' equity 24,000
Total assets 32,000 Total liabilities 8,000
Average common shares outstanding was 10,000

a) $4,000

b) $24,000

c) $3,000

d) $10,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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