Question

Using the following financial statement data, calculate the difference between total nonoperating assets and total nonoperating liabilities. If your result is a negative value, please present your answer with a negative sign.

Cash	$158
Short-term investments	$286
Accounts receivable	$352
Inventory	$438
Other current assets	$157
Fixed assets (net)	$1,185
Intangible assets	$182
Long-term investments	$298
Other noncurrent assets	78
Short-term debt	$280
Accounts payable	$345
Accrued liabilities	$288
Other current liabilities	$127
Long-term debt	$1,026
Other long-term liabilities	$196
Stockholders’ equity	$305

Answer 1

Non - operating Assets are assets that are not used in the regular operations of the business, and therefore do not directly generate revenue through the operations of the corporations.

In the example here , the non-operating assets are Cash ( Cash itself is not a business operating account, cash does not produce anything by itself unless its not used in production, sale ) , short term investments ( they are related to financial activities are not the operations of the business ) , long term investments ( they are not related to the business operations)

Thus, total non operating assets are 158 + 286 + 298 = 742$

Non-operating liabilities are interest-bearing liabilities and other liabilities are that are a part of the regular business operations.

In this example, non-operating assets are Short term debt, Long term debt, and other long term liabilities.

Thus, total non -operating liabilities are 280 + 1026 + 196 = 1502$

Difference between non-operating assets are non-operating liabilities are 742 - 1502 = -760$