FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The accounts and balances shown below were gathered from Primer Corporation's
Wages Payable ............................................$ 25,600
Cash .................................................................17,700
Mortgage Payable ....................................... 151,600
Dividends Payable ......................................... 14,000
Prepaid Rent ...................................................13,600
Inventory ........................................................ 81,800
Sinking Fund Assets ...................................... 52,400
Short-Term Investments ................................15,200
Premium on Bonds Payable ............................4,600
Stock Investment in Subsidiary ..................102,400
Taxes Payable ................................................ 22,800
Accounts Payable ......................................... 24,800
Accounts Receivable .................................... 36,600
The amount that should be reported as current assets on Primer Corporation's
Group of answer choices
$151,300
$164,900
$217,000
$267,000
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