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Q 4.11: A post-closing trial balance showed the following account balances: cash $5,000; short-term investments $2,000; equity investment $3,000; accounts receivable $3,500; prepaid expenses $500;
Q 4.11: A post-closing trial balance showed the following account balances: cash $5,000; short-term investments $2,000; equity investment $3,000; accounts receivable $3,500; prepaid expenses $500; goodwill $1,000; property, plant and equipment $15,000; and accumulated depreciation $5,000. The total current assets would be $14,000. B $15,000 $11,000. $25,000
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