Using the following information, compute total CURRENT ASSETS: Goodwill $ 9,000
ID: 2498778 • Letter: U
Question
Using the following information, compute total CURRENT ASSETS:
Goodwill $ 9,000
Prepaid Expenses 1,100
Paid-in Capital 1,750
Cash 400
Property, Plant, and Equipment 10,000
Short-term Investment Securities 250
Accounts Receivable 700
Retained Earnings 1,000
Inventory 4,000
$5,350
$6,450
$9,200
$7,450
$6,350
$5,350
$6,450
$9,200
$7,450
$6,350
Explanation / Answer
Answer:
Total Current Assets = Prepaid Expenses + Cash +Short Term Investment + Accounts Recievables +Inventory
= 1100+ 400+250+700+4000 =$ 6450
Thanks
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