If X Company has the following balances:Cash 10,000 Equipment 50,000 inventory 5,000 Long term investment 3,000 Franchise 4,000 Accounts receivable 7,000 Supplies 3.000 the total current assets shown in the classified balance sheet is O a. other amount O b. 29,000 O . 25,000 O d. 22,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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these multiple choice Questions from ACCOUNTING PRINCIPLES 1 Course.I need the final.

11
If X Company has the following balances:Cash 10,000 Equipment 50,000 inventory 5,000 Long term investment 3,000 Franchise 4,000 Acounts
receivable 7,000 Supplies 3,000 the total current assets shown in the classified balance sheet is
O a. other amount
O b. 29,000
O c. 25,000
O d. 22.000
Transcribed Image Text:11 If X Company has the following balances:Cash 10,000 Equipment 50,000 inventory 5,000 Long term investment 3,000 Franchise 4,000 Acounts receivable 7,000 Supplies 3,000 the total current assets shown in the classified balance sheet is O a. other amount O b. 29,000 O c. 25,000 O d. 22.000
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