Question
Included in the December 31 trial balance of Ivanhoe company are the following assets. Cash 418000 Equipment (net) 2420000 Prepaid insurance 90200 Raw materials 737000
Included in the December 31 trial balance of Ivanhoe company are the following assets.
Cash 418000
Equipment (net) 2420000
Prepaid insurance 90200
Raw materials 737000
Work in process 440000
Accounts Receivable (net) 880000
Patents 242000
Finished goods 374000
Prepare the current assets section of the December 31 balance sheet. List current assets in order of liquidity.
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
