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Use the following data to determine the total dollar amount of assets to be classified as current assets. Tamarisk, Inc. Balance Sheet December 31, 2017
Use the following data to determine the total dollar amount of assets to be classified as current assets. Tamarisk, Inc. Balance Sheet December 31, 2017 $72500 87000 139000 75000 194500 188500 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Cash Accounts receivable Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Trademarks $139000 11500 175000 $325500 5207500 (69000) 138500 126500 Common stock Retaindo earnings Total stockholders' equity Total liabilities and stockholders' equity 5198000 498000 5696000 Total assets 51021500 $1021500 0 $568000 $234500 5325500 5373500 Click if you would like to Show Work for this questioni Oren Show with
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