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The accounts and balances shown below were gathered from A Corporation's trial balance on December 31, 2016.  All adjusting entries have been made.   Wages Payable P 25,600 Cash 17,700 Mortgage Payable 151,600 Dividends Payable 14,000 Prepaid Rent 13,600 Inventory 81,800 Sinking Fund Assets 52,400 Short-Term Investments 15,200 Premium on Bonds Payable 4,600 Stock Investment in Subsidiary 102,400 Taxes Payable 22,800 Accounts Payable 24,800 Accounts Receivable 36,600   The amount that should be reported as current assets on A Corporation's statement of financial position is

The accounts and balances shown below were gathered from A Corporation's trial balance on December 31, 2016.  All adjusting entries have been made.   Wages Payable P 25,600 Cash 17,700 Mortgage Payable 151,600 Dividends Payable 14,000 Prepaid Rent 13,600 Inventory 81,800 Sinking Fund Assets 52,400 Short-Term Investments 15,200 Premium on Bonds Payable 4,600 Stock Investment in Subsidiary 102,400 Taxes Payable 22,800 Accounts Payable 24,800 Accounts Receivable 36,600   The amount that should be reported as current assets on A Corporation's statement of financial position is

FINANCIAL ACCOUNTING
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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The accounts and balances shown below were gathered from A Corporation's trial balance on December 31, 2016.  All adjusting entries have been made.

 

Wages Payable

P 25,600

Cash

17,700

Mortgage Payable

151,600

Dividends Payable

14,000

Prepaid Rent

13,600

Inventory

81,800

Sinking Fund Assets

52,400

Short-Term Investments

15,200

Premium on Bonds Payable

4,600

Stock Investment in Subsidiary

102,400

Taxes Payable

22,800

Accounts Payable

24,800

Accounts Receivable

36,600

 

The amount that should be reported as current assets on A Corporation's statement of financial position is

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