1 answer

Compute the dollar amount of current assets based on the following account balances. Accounts Receivable Accumulated...

Question:

Compute the dollar amount of current assets based on the following account balances. Accounts Receivable Accumulated Deprecia
Compute the dollar amount of current assets based on the following account balances. Accounts Receivable Accumulated Depreciation-Equipment Cash Equipment Prepaid Rent Short-term Investments $22,000 27,000 8,400 93,000 7,000 15,000 Current assets amount $

Answers

Current assets

= Account receivable + Cash + Prepaid rent + Short term investment

= 22,000 + 8,400 + 7,000 + 15,000

= $52,400

Therefore current assets amount = $ 52,400

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