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Dixon Company has the following items recorded on its financial records: Available-for-sale securities $200,000 Prepaid expenses 400,000 Treasury stock 100,000 The total amount of the

Dixon Company has the following items recorded on its financial records:

Available-for-sale securities

$200,000

Prepaid expenses

400,000

Treasury stock

100,000

The total amount of the above items to be shown as assets on Dixons statement of financial position is
A. $400,000
B. $600,000
C. $500,000
D. $700,000

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