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The current assets total is? Use the following information for questions 98 through 100. The following trial balance of Reese Corp. at December 31, 2010

The current assets total is?
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Use the following information for questions 98 through 100. The following trial balance of Reese Corp. at December 31, 2010 has been properly adjusted except for the income tax expense adjustment Reese Corp. Trial Balance December 31, 2010 Dr. CA Cash CA CA $ 775,000 5 2.69s 0001000 2,695,000 2,085,000 7,366,000 Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable and accrued liabilities Income taxes payable Deferred income tax liability Common stock Additional paid-in capital Retained earnings, 1/1/10 1,701,000 CL cL 85,000 2,350,000 3,680,000 3,450,000 13,360,000 tNet sales and other revenues C Costs and expenses 11,180,000 Income tax expenses 1.179,000 $25,280,000 $25.280.000 Other financial data for the year ended December 31, 2010 Included in accounts receivable is $1.200,000 due from a customer and payable in quarte rly . installments of $150,000. The last payment is due December 29, 2012. balance in the Deferred Income Tax Liability account pertains to a temporary difference that arose in a prior year, of which $20,000 is classified as a current liability At the end of the year, the company paid of $525,000 in taxes were charged to income tax In Reese's December 31, 2010 balance sheet, 98. The current assets total is 45,000+ 2,0%,coo-(150,oxoW)]+Jius, ooo expense. This is not reflected in the above trial balance. a. $5,555,000. 05.000 d. $4,430,000 99. The current liabilities total is $1,850,000 b. $1,915,000. c. $2,375,000 d. $2,440,000

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