Closing balances of accounts are: Buildings 1000, Land 500, Material 200, Suppliers 400, Bank loan 150, Cash 80, Employees(liabilities) 250, Merchandise 50, Licences 120, software 60, bank account 70, Customers 40, marketable (tradeable) securities 30, equipment 30, machines 200. Calculate the total current assets and write the number into the answer

Closing balances of accounts are: Buildings 1000, Land 500, Material 200, Suppliers 400, Bank loan 150, Cash 80, Employees(liabilities) 250, Merchandise 50, Licences 120, software 60, bank account 70, Customers 40, marketable (tradeable) securities 30, equipment 30, machines 200. Calculate the total current assets and write the number into the answer

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 11EA: For each of the following accounts, identify in which section of the classified balance sheet it...

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Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $30,595 Accounts receivable 74,221 Accrued liabilities 6,421 Cash 16,161 Intangible assets 43,419 Inventory 83,968 Long-term investments 103,474 Long-term liabilities 78,663 Notes payable (short-term) 24,145 Property, plant, and equipment 626,558 Prepaid expenses 2,879 Temporary investments 39,077 Based on the data for Harding Company, what is the amount of working capital? a.$989,757 b.$623,679 c.$155,145 d.$216,306
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