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Question 18 The following is the statement of financial position of ABC Co. $10,000 Marketable securities $20,000 Accounts receivables $5,000 Allowance for doubtful account $3.000
Question 18 The following is the statement of financial position of ABC Co. $10,000 Marketable securities $20,000 Accounts receivables $5,000 Allowance for doubtful account $3.000 Patent $2.000 Prepaid insurance $50,000 Stockholders' equity $10,000 Treasury shares $30,000 Unearned revenue What would be the amount of total current assets on the statement of financial position of ABC Co.? A. $36,000 B. $41,000 C. $27,000 D. $31,000
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