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An entity has the following assets: Cash 20,000 Accounts receivable 40,000 Notes receivable (nontrade) - 60,000 due within 1 yr. 100,000 Inventory 130,000 Prepaid supplies
An entity has the following assets:
Cash
20,000
Accounts receivable
40,000
Notes receivable (nontrade) - 60,000 due within 1 yr.
100,000
Inventory
130,000
Prepaid supplies
10,000
Land
200,000
Building
800,000
Accumulated depreciation
(240,000)
Total assets
1,060,000
How much is the total current assets?
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
