Construction Contract: Working capital is calculated as current asset excluding

Question

Construction Contract:

Working capital is calculated as current asset excluding long-term liabilities. True or False?

There is no actuarial rating for surety bonds as the surety company merely makes an assessment as to whether a bond should be issued or not, i.e., sureties assume that no losses will be incurred. True or False?

Working capital is calculated as current asset excluding long-term liabilities. True or False?

There is no actuarial rating for surety bonds as the surety company merely makes an assessment as to whether a bond should be issued or not, i.e., sureties assume that no losses will be incurred. True or False?

Explanation / Answer

First statement is false because working capital excludes short term liabilities. False

Next statement is False

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