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Privett Company Accounts payable $30,999 Accounts receivable 74,633 Accrued liabilities 6,192 Cash 18,893 Intangible assets 37,847 Inventory 78,664 Long-term investments 113,389 Long-term liabilities 79,746 Marketable securities 38,495 Notes payable (short-term) 24,022 Prepaid expenses 1,030 635,615 Property, plant, and equipment Based on the data for Privett Company, what is the amount of quick assets? a. $57,388 b. $132,021 c. $1,558,518 d. $771,667

Privett Company Accounts payable $30,999 Accounts receivable 74,633 Accrued liabilities 6,192 Cash 18,893 Intangible assets 37,847 Inventory 78,664 Long-term investments 113,389 Long-term liabilities 79,746 Marketable securities 38,495 Notes payable (short-term) 24,022 Prepaid expenses 1,030 635,615 Property, plant, and equipment Based on the data for Privett Company, what is the amount of quick assets? a. $57,388 b. $132,021 c. $1,558,518 d. $771,667

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Privett Company Accounts payable Accounts receivable $30,999 74,633 Accrued liabilities 6,192 Cash 18,893 Intangible assets 37,847 Inventory 78,664 Long-term investments 113,389 Long-term liabilities 79,746 Marketable securities 38,495 Notes payable (short-term) 24,022 Prepaid expenses 1,030 635,615 Property, plant, and equipment Based on the data for Privett Company, what is the amount of quick assets? a. $57,388 b. $132,021 c. $1,558,518 d. $771,667
Transcribed Image Text:Privett Company Accounts payable Accounts receivable $30,999 74,633 Accrued liabilities 6,192 Cash 18,893 Intangible assets 37,847 Inventory 78,664 Long-term investments 113,389 Long-term liabilities 79,746 Marketable securities 38,495 Notes payable (short-term) 24,022 Prepaid expenses 1,030 635,615 Property, plant, and equipment Based on the data for Privett Company, what is the amount of quick assets? a. $57,388 b. $132,021 c. $1,558,518 d. $771,667
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