kau.3]answer must be in table foramt or i will give down vote Indigo Corporation's adjusted trial balance contained the following asset accounts at December 31, 2025: Cash $9,540, Land $46,700,Patents $15,300, Accounts Receivable $94,080, Prepaid Insurance $5,400, Inventory $35,600, Allowance for Doubtful Accounts$4,520, and Equity Investments (to be sold in the next quarter) $14,550.Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)INDIGO CORPORATIONBalance Sheet (Partial)+A+A+A

Preparation of the current assets portion of the partial balance sheet as follows:Resultant values:

Answered: Indigo Corporation's adjusted trial…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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Subject:
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