Huron has provided the following year-end balances: · Cash, $25,000 · Long-term Investments, $7,900 · Accounts receivable, $9,300 · Property, plant, and equipment, $98,700 · Prepaid insurance, $3,600 · Accumulated depreciation, $10,000 · Inventory, $37,000 · Retained earnings, $12,600 How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500. D)$95,400

Huron has provided the following year-end balances: · Cash, $25,000 · Long-term Investments, $7,900 · Accounts receivable, $9,300 · Property, plant, and equipment, $98,700 · Prepaid insurance, $3,600 · Accumulated depreciation, $10,000 · Inventory, $37,000 · Retained earnings, $12,600 How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500. D)$95,400

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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