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At 31 October 20X9 RAY's trial balance included the following balances: Machinery at cost $12,890 Accumulated depreciation $8,950 Inventory $5,754 Trade receivables $11,745 Trade payables
At 31 October 20X9 RAY's trial balance included the following balances:
Machinery at cost $12,890
Accumulated depreciation $8,950
Inventory $5,754
Trade receivables $11,745
Trade payables $7,830
Bank overdraft $1,675
Cash at bank $150
What is the value of RAY's current assets at 31 October 20X9?
A$17,649
B$17,499
C$15,974
D$13,734
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Principles Of Auditing
Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs
12th Edition
