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Question 11 (1 point) Use the following data to determine the total dollar amount of assets to be classified as current assets. Carne Auto Supplies
Question 11 (1 point) Use the following data to determine the total dollar amount of assets to be classified as current assets. Carne Auto Supplies Balance Sheet December 31, 2017 Cash S 70,000 Accounts payable 130,000 00,000 Salaries and wages payable Accounts receivable 20,000 Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Total assets 140,000 Mortgage payable 180.000 80,000 80,000 190,000 Total liabilities $330,000 $230,000 Common stock $240,000 Retained earnings 500.000 Total stockholders' equity Total liabilities and (60.000) 170,000 140.000 1.070.000 740.000 stockholders' equity 1.070.000 $330,000 $570,000 $250,000 $390,000
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