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WHAT IS TOTAL CURRENT ASSETS?

WHAT IS TOTAL CURRENT ASSETS?

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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WHAT IS TOTAL CURRENT ASSETS?

Cash 50,000 55,000 124,000 9,000 4,000 154,000 12,000 80,000 16,000 85,000 20,000 18,000 7,000 80,000 50,000 Marketable securities Accounts receivable Allowance for doubtful accounts Accrued revenues Merchandise inventory Prepaid expenses Furnitures and equipment Accumulated depreciation - furnitures and equipment Accounts payable Notes payable - trade Income tax payable Accrued expenses Mortgage payable, maturing in 6 months Bonds payable, maturing in 60 months Under the mortgage contract, the company can extend the maturity date of its obligation for at least twelve months from the original maturity date.
Transcribed Image Text:Cash 50,000 55,000 124,000 9,000 4,000 154,000 12,000 80,000 16,000 85,000 20,000 18,000 7,000 80,000 50,000 Marketable securities Accounts receivable Allowance for doubtful accounts Accrued revenues Merchandise inventory Prepaid expenses Furnitures and equipment Accumulated depreciation - furnitures and equipment Accounts payable Notes payable - trade Income tax payable Accrued expenses Mortgage payable, maturing in 6 months Bonds payable, maturing in 60 months Under the mortgage contract, the company can extend the maturity date of its obligation for at least twelve months from the original maturity date.
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