Based on the data for Harding Company, what is the amount of quick assets? a.$120,182 b.$48,183 c.$800,315 d.$1,618,032

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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Use the information provided for Harding Company to answer the question that follow.

Harding Company
Accounts payable $26,136
Accounts receivable 71,999
Accrued liabilities 6,575
Cash 16,008
Intangible assets 40,514
Inventory 77,552
Long-term investments 102,623
Long-term liabilities 70,943
Notes payable (short-term) 25,456
Property, plant, and equipment 674,580
Prepaid expenses 2,265
Temporary investments 32,175

Based on the data for Harding Company, what is the amount of quick assets?

a.$120,182
b.$48,183
c.$800,315
d.$1,618,032
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