Question
Use the following data to determine the total dollar amount of assets to be classified as current assets. Tamarisk Inc. Balance Sheet December 31,2025 Cash
Use the following data to determine the total dollar amount of assets to be classified as current assets.
Tamarisk Inc. Balance Sheet December 31,2025
Cash and cash equivalents $72500 Accounts payable $139000 Accounts receivable 87000 Salaries and wages payable 11500 Inventory 139000
Prepaid Insurance 75000 Bonds payable 175000 ___________ Stock investments (Long-term) 194500 Total liabilities 325500
Land 188500 Common Stock 198000 Buildings $207500 Retained earnings 498000 Less: Accumulated depreciation (69000) 138500 ____________ Total stockholders equity 696000 ___________ Total liabilities and stockholders Trademarks 126500 equity $1021500 _____________ ======= Total assets $1021500 ==========
A. $568000
B. $373500
C. $234500
D. $370000
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