Of the accounts listed, the account(s) that is (are) NOT part of a firm's working capital is:

Question

Quizplus · Accepted Answer

Plant and equipment are long-term assets and are not part of a firm's working capital, which refers to short-term assets and liabilities used in the day-to-day operations of a business. Marketable securities and cash are part of a firm's working capital as they can be easily converted into cash to meet short-term obligations.

Of the Accounts Listed, the Account(s) That Is (Are) NOT