Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts receivable 112000 Cash 74000 Intangible assets 112000 Inventory 128000 Long-term investments 168000 Long-term liabilities 206500 Short-term investments 81500 Notes payable Property, plant, and equipment Prepaid insurance 57000 1330000 2400 O $239900 O $267500. O $269900 O $397900

Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts receivable 112000 Cash 74000 Intangible assets 112000 Inventory 128000 Long-term investments 168000 Long-term liabilities 206500 Short-term investments 81500 Notes payable Property, plant, and equipment Prepaid insurance 57000 1330000 2400 O $239900 O $267500. O $269900 O $397900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Based on the following data, what is the amount of current assets?
Accounts payable
$64500
Accounts receivable
112000
Cash
74000
Intangible assets
112000
Inventory
128000
Long-term investments
168000
Long-term liabilities
206500
Short-term investments
81500
Notes payable
57000
Property, plant, and equipment
1330000
Prepaid insurance
2400
O $239900
$267500
O $269900
$397900

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