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The following selected data (in thousands) was taken from the year-end financial records of Tinker Company dated December 31, 20X5. Use this information to answer

The following selected data (in thousands) was taken from the year-end financial records of Tinker Company dated December 31, 20X5. Use this information to answer the following questions regarding Tinker's classified balance sheet.

Accounts payable

$45.6

Furniture

$112.2

Accounts receivable

65.9

Goodwill

89.6

Accrued interest on bonds payable

2.8

Investment revenue

1.1

Accrued interest on notes receivable

1.5

Land held for future use

25.6

Accumulated depreciation-equipment

6.8

Short-term securities

8.2

Allowance for doubtful accounts

-3.2

Merchandise inventory

43.5

Bond sinking fund

64.0

Notes payable due 03/12/20X6

86.3

Bonds payable

75.3

Notes receivable due 05/10/20X7

1.4

Cash in bank

14.9

Office supplies

0.3

Customer advances

5.4

Office supplies expense

0.4

Common stock

136.2

Petty cash

0.1

Copyright

4.1

Premium on bonds payable

0.8

Current portion of long term debt

1.6

Prepaid expenses

0.2

Discount on bonds payable

2.3

Salaries payable

2.4

Dividends payable

25.1

Treasury stock

1.8

___ 30.

Tinker's classified balance sheet will report total current assets of

A)

$129.9

B)

$131.2

C)

$131.4

D)

$136.8

E)

$137.8

___ 31.

Tinker's classified balance sheet will report total current liabilities of

A)

$163.8

B)

$166.4

C)

$167.6

D)

$169.2

E)

$176.0

___ 32.

Tinker's classified balance sheet will report total long-term investments of

A)

$25.6

B)

$26.7

C)

$89.6

D)

$90.7

E)

$164.9

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