Based on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance Retirement account balance Credit card balance Rare jewelry $ 960 Savings account balance 59,000 217 650 Answer is complete but not entirely correct. Liquid assets $ 14,635 X Current liabilities $ 637 Current student loan payment due Investment account balance Mortgage $ 3,675 420 10,000 188,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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pra.9

 

Based on these items, what is the total of the (a) liquid assets and (b) current liabilities?
Checking account balance
Retirement account balance
Credit card balance
Rare jewelry
59,000
$ 960 Savings account balance
Current student loan payment due
Investment account balance
217
650
Mortgage
Answer is complete but not entirely correct.
Liquid assets
$
Current liabilities
$
14,635 X
637
$ 3,675
420
10,000
188,000
Transcribed Image Text:Based on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance Retirement account balance Credit card balance Rare jewelry 59,000 $ 960 Savings account balance Current student loan payment due Investment account balance 217 650 Mortgage Answer is complete but not entirely correct. Liquid assets $ Current liabilities $ 14,635 X 637 $ 3,675 420 10,000 188,000
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