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on Given the following information, what is the value of this company's current assets? 1. Bank Account $175,000 2. Accounts Payable $25,000 3. Accounts Receivable
on Given the following information, what is the value of this company's current assets? 1. Bank Account $175,000 2. Accounts Payable $25,000 3. Accounts Receivable $200,000 4. Accrued Payroll Expense $50,000 5. Land (Vacant) $30,000 6. Office Equipment and Furnishings $20,000 7. Office Building $200,000 8. Accumulated Depreciation $50,000 9. Taxes Payable $20,000 10. Mortgage on Office Building $120,000 11. Common Stock $200,000 12. Retained Earnings $160,000 Select one: O a. $375,000 O b. $175,000 O c. $575,000 O d. $200,000
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