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1. Ivanhoe Corporation has the following accounts included in its December 31,2025 , trial balance: Accounts Receivable $119,400, Inventory $291,900, Allowance for Doubtful Accounts $8,410,
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Ivanhoe Corporation has the following accounts included in its December 31,2025 , trial balance: Accounts Receivable $119,400, Inventory $291,900, Allowance for Doubtful Accounts $8,410, Patents $81,600, Prepaid Insurance $9,690, Accounts Payable $86,100, and Cash $35,900 Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)Step by Step Solution
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