The company's accounts receivable to 500,000. Prepaid Expenses and unearned income are 30,000 and 10,000respectively. Cash balance amounted to 100,000 while accounts payable and inventory are 20,000 and 10,000 respectively.How much is the company's current assets? Current liabilities?

The company's accounts receivable to 500,000. Prepaid Expenses and unearned income are 30,000 and 10,000respectively. Cash balance amounted to 100,000 while accounts payable and inventory are 20,000 and 10,000 respectively.How much is the company's current assets? Current liabilities?

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 company's accounts receivable to 500,000. Prepaid Expenses and unearned income are 30,000 and
10,000respectively. Cash balance amounted to 100,000 while accounts payable and inventory are 20,000
and 10,000 respectively.How much is the company's current assets? Current liabilities?

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