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Presented below are selected accounts of Flint Company at December 31, 2025. The following additional information is available. 1. Inventories are valued at lower-of-cost-or-market using

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Presented below are selected accounts of Flint Company at December 31, 2025. The following additional information is available. 1. Inventories are valued at lower-of-cost-or-market using LIFO. 2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $52,279. 3. The short-term investments have a fair value of $26,910. 4. The notes receivable are due April 30, 2027, with interest receivable every April 30 . The notes bear interest at 6\%. (Hint: Accrue interest due on December 31, 2025.) 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $52,600 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $12,940. 7. Treasury stock is recorded at cost. Prepare the current assets section of Flint Company's December 31, 2025, balance sheet, with appropriate disclosures. (List Current $

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