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Correct Question 30 0/2 pts Montana Corp. reported the following balances in its trial balance at the end of the period. The investments account
Correct Question 30 0/2 pts Montana Corp. reported the following balances in its trial balance at the end of the period. The investments account consists of 3-month treasury bills. Prepaid insurance covers a 2 year period. How should Montana report current assets? Selected Accounts Prepaid Insurance $6,000 Inventory 40,000 Accounts Receivable 10,000 Patent 12,000 Investments 50,000 Notes Receivable, due in 2 years 20,000 $106,000 $100,000 $103,000 $50,000
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