{"id":564,"date":"2017-11-03T20:51:41","date_gmt":"2017-11-03T14:51:41","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-widget-co-purchased-new-machinery-three-years-ago-for-assets-is-_____\/"},"modified":"2022-12-28T01:00:40","modified_gmt":"2022-12-27T19:00:40","slug":"the-widget-co-purchased-new-machinery-three-years-ago-for-assets-is-_____","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-widget-co-purchased-new-machinery-three-years-ago-for-assets-is-_____\/","title":{"rendered":"The Widget Co. purchased new machinery three years ago for &#8230; assets is ____."},"content":{"rendered":"<p>The Widget Co. purchased new machinery three years ago for $4 million. The machinery can be sold to the Roman Co. today for $2 million. The Widget Co.&#8217;s current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the Widget Co.&#8217;s assets today is _____ and the market value of those assets is _____.<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[1411,1409,1410],"subject":[7],"class_list":["post-564","mcq","type-mcq","status-publish","hentry","topic-and-cash-flow","topic-financial-statements","topic-taxes","subject-corporate-finance"],"mcq_note":"The Widget Co. purchased new machinery three years ago for $4 million. The machinery can be sold to the Roman Co. today for $2 million. The Widget Co.'s current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the Widget Co.'s assets today is\u00a0$4,600,000 and the market value of those assets is\u00a0$3,900,000.","mcq_options":[{"right":"yes","answer":"$4,600,000; $3,900,000 "},{"right":"no","answer":"$4,600,000; $3,125,000 "},{"right":"no","answer":"$5,000,000; $3,125,000 "},{"right":"no","answer":"$5,000,000; $3,900,000 "}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":1411,"title":"and Cash Flow","slug":"and-cash-flow"},{"id":1409,"title":"Financial Statements","slug":"financial-statements"},{"id":1410,"title":"Taxes","slug":"taxes"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=564"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=564"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=564"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}