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1.Period costs include: Choose one answer. a. current assets on the balance sheet b. current liabilities on the balance sheet c. operating costs that are
1.Period costs include: Choose one answer. a. current assets on the balance sheet b. current liabilities on the balance sheet c. operating costs that are shown on the income statement when products are sold d. operating costs that are shown on the income statement in the period in which they are incurred 2.Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the above data, what is the amount of quick assets? Choose one answer. a. $163,000 b. $195,000 c. $121,000 d. $56,000
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