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Privett Company Accounts payable $30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable
| Privett Company | |
| Accounts payable | $30,000 |
| Accounts receivable | 35,000 |
| Accrued liabilities | 7,000 |
| Cash | 25,000 |
| Intangible assets | 40,000 |
| Inventory | 72,000 |
| Long-term investments | 100,000 |
| Long-term liabilities | 75,000 |
| Marketable securities | 36,000 |
| Notes payable (short-term) | 20,000 |
| Property, plant, and equipment | 400,000 |
| Prepaid expenses | 2,000 |
Based on the data for Privett Company, what is the amount of quick assets?
a. $168,000
b. $96,000
c. $60,000
d. $61,000
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Acca F7 Financial Reporting Practice And Revision Kit
Authors: BPP Learning Media
1st Edition
1472726898, 978-1472726896
