Question
Oriole Company's trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) $39000 Trading securities 13000 Accumulated depreciation on equipment and
Oriole Company's trial balance reflected the following account balances at December 31, 2020:
| Accounts receivable (net) | $39000 | ||
| Trading securities | 13000 | ||
| Accumulated depreciation on equipment and furniture | 31000 | ||
| Cash | 34000 | ||
| Inventory | 59000 | ||
| Equipment | 51000 | ||
| Patent | 8500 | ||
| Prepaid expenses | 4300 | ||
| Land held for future business site | 36500 |
In Orioles December 31, 2020 balance sheet, the current assets total is
$239800.
$149300.
$212500.
$222500.
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Auditing And Systems Exam Questions And Explanations
Authors: Ph.D. Gleim, Irvin N., Ph.D. Hillison, William A., Grady M. Irwin
17th Edition
1581949278, 978-1581949278
