Huron has provided the following year-end balances: · Cash, $25,000 · Long-term Investments, $7,900 · Accounts receivable, $9,300 · Property, plant, and equipment, $98,700 · Prepaid insurance, $3,600 · Accumulated depreciation, $10,000 · Inventory, $37,000 · Retained earnings, $12,600 How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500. D)$95,400

Huron has provided the following year-end balances: · Cash, $25,000 · Long-term Investments, $7,900 · Accounts receivable, $9,300 · Property, plant, and equipment, $98,700 · Prepaid insurance, $3,600 · Accumulated depreciation, $10,000 · Inventory, $37,000 · Retained earnings, $12,600 How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500. D)$95,400

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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