Surewin Company provided the following information at year-end: Cash P 1,500,000 Accounts receivable 1,200,000 Inventory, including inventory expected in the ordinary course of operations to be sold beyond 12 months. 1,000,000 Financial assets held for trading 300,000 Equity investment at fair value through other comprehensive income 800,000 Equipment held for sale 2,000,000 Deferred tax asset 150,000 What amount should be reported as total current assets at year-end?
Problem 3 (Total current assets)
Surewin Company provided the following information at year-end:
Cash P 1,500,000
Inventory, including inventory expected in the ordinary course of operations to be sold beyond 12 months. 1,000,000
Financial assets held for trading 300,000
Equity investment at fair value through other comprehensive income 800,000
Equipment held for sale 2,000,000
What amount should be reported as total current assets at year-end?
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