QUESTION 33

1. Perry has the following balances, all of which are normal.

   Accounts payable	$560
   Accounts receivable	710
   Accumulated depreciation	80
   Additional paid-in capital	485
   Building and equipment	920
   Cash	39
   Common stock (at par)	15
   Deferred revenue	40
   Dividends payable	30
   Income tax payable	65
   Interest receivable	35
   Inventory	16
   Land	150
   Notes payable (long-term)	800
   Notes receivable (long-term)	450
   Prepaid rent	20
   Retained earnings	308
   Supplies	8
   Trademark	40

   Total current assets are:

   	A.	$843.
   	B.	$868.
   	C.	$1,701.
   	D.	$828.