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Use the following data to determine the total dollar amount of assets to be classified as current assets. Company Balance Sheet December 31, 2022 $185000
Use the following data to determine the total dollar amount of assets to be classified as current assets. Company Balance Sheet December 31, 2022 $185000 Accounts payable 140000 Salaries and wages payable 150000 Mortgage payable 85000 Total liabilities 250000 250000 $300000 Common stock (55000) 245000 Retained earnings Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation $195000 25000 225000 $445000 $335000 725000 Goodwill 200000 $1060000 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1505000 $1505000 O $410000 O $475000 O $810000 O $560000
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