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Mumay Company trial balance has the following selected accounts: Cash (includes P100,000 in bond sinking fund for long term bond payable) 500,000 Accounts receivable 200,000
Mumay Company trial balance has the following selected accounts:
Cash (includes P100,000 in bond sinking fund for long term bond payable) 500,000
Accounts receivable 200,000
Allowance of uncollectible accounts 50,000
Deposits received from customers 30,000
Merchandise inventory 70,000
Unearned rent 10,000
Investment at fair value to profit or loss 20,000
What amount should Mumay Company report as total current assets in its statement of financial position?
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
131588141, 978-0131588141
