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The following financial information is from Shovels Construction Company. Accounts payable: $13,900 Buildings: $87,000 Cash: $10,600 Accounts receivable: $10,000 Sales tax payable: $3,900 Retained earnings:
The following financial information is from Shovels Construction Company. Accounts payable: $13,900 Buildings: $87,000 Cash: $10,600 Accounts receivable: $10,000 Sales tax payable: $3,900 Retained earnings: $45,800 Supplies: $41,600 Notes payable due in 18 months: $32,000 Interest payable: $2,900 Common stock: $50,700 What is the amount of current assets, assuming the accounts above reflect normal activity? |
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