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The following information (in thousands) is for AFI Office Supplies Store: Inventory..... 180,000 Accounts Receivable.. ............. 200,000 Cash ........ .390,000 Trademark ..280,000 Land......... ..360,000 Buildings
The following information (in thousands) is for AFI Office Supplies Store: Inventory..... 180,000 Accounts Receivable.. ............. 200,000 Cash ........ .390,000 Trademark ..280,000 Land......... ..360,000 Buildings ...400,000 Less: Accumulated Depreciation..... 80,000 Land Held for Investment................ 300,000 Prepaid Insurance............. .10,000 Total Assets .2.110,000 The total amount of assets to be classified as current assets is: * (2 Points) O 600.000 780,000 610.000 790.000 17. Ayala Company showed the following balances at the end of its first year
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