Family's Assets and Liabilities Checking account Savings account Credit card account Itility bill $3,000 $13,000 $5,500 4500

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.7P
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QUESTION 11
What are the total current assets?
Family's Assets and Liabilities
Checking account
Savings account
Credit card account
Utility bill
Home
Mortgage (30 years)
Car
Car loan (60 months)
Student loan (7 years)
Household items
Retirement account
Other assets
Ⓒ$55,000.
$31,000.
$21,500.
$16,000.
$3,000
$13,000
$5,500
$500
$320,000
$210,000
$25,000
$18,000
$25.000
$15,000
$64.000
$39,000
Transcribed Image Text:QUESTION 11 What are the total current assets? Family's Assets and Liabilities Checking account Savings account Credit card account Utility bill Home Mortgage (30 years) Car Car loan (60 months) Student loan (7 years) Household items Retirement account Other assets Ⓒ$55,000. $31,000. $21,500. $16,000. $3,000 $13,000 $5,500 $500 $320,000 $210,000 $25,000 $18,000 $25.000 $15,000 $64.000 $39,000
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