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s Use the following data to determine the total dollar amount of assets to be classified as current assets. Vaughn Manufacturing Balance Sheet December 31,
s Use the following data to determine the total dollar amount of assets to be classified as current assets. Vaughn Manufacturing Balance Sheet December 31, 2017 $186000 151000 173000 86500 250000 269000 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $210000 26500 236500 $473000 Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks $303000 (63000) 240000 215000 $1570500 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $363500 734000 $1097500 $1570500 tudy Total assets $510000 $846500 . $423500 $596500
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