Question
Anderson Enterprises currently has $800 in cash. The company owes $2,400 to suppliers for merchandise and $9,000 to the bank for a long-term loan.
Anderson Enterprises currently has $800 in cash. The company owes $2,400 to suppliers for merchandise and $9,000 to the bank for a long-term loan. Customers owe Anderson's $3,800. The inventory has a book value of $7,400. If Anderson's compiled a financial statement today, how much would it show as the value of the current assets? Please record your answer using the following format (1407.00). Record your answer to two decimal places. Do NOT place a "$" in front of the number. Finally, do not use a comma to separate hundreds from thousands. Do not type the parentheses: just type the number!
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
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