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O'Neill Enterprises currently has $500 in cash. Customers owe O'Neill's $2,800, and accumulated depreciation account shows a value of $8,400. The inventory has a book
O'Neill Enterprises currently has $500 in cash. Customers owe O'Neill's $2,800, and accumulated depreciation account shows a value of $8,400. The inventory has a book value of $3,300 and an estimated market value of $5,400. If O'Neill's compiled a financial statement today, how much would it show as the value of the current assets?
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