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Pronghorn Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $3,300; Treasury Bills (with original maturity of three months: $5,100;
Pronghorn Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $3,300; Treasury Bills (with original maturity of three months: $5,100; Land $46,500; Intangible Assets
Pronghorn Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $3,300; Treasury Bills (with original maturity of three months) $5,100; Land $46,500; Intangible Assets-Patents $13,600; Accounts Receivable $96,000; Prepaid Insurance $6,100; Inventory $38,500; Allowance for Doubtful Accounts $4,500; and FV-NI (Fair Value-Net Income) Investments $12,100. (a1) Prepare the current assets section of the statement of financial position. (List Current Assets in order of liquidity.)Step by Step Solution
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