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Use the following partial list of accounts to determine the amount that should be reported as total current assets on the balance sheet. Accounts receivable

Use the following partial list of accounts to determine the amount that should be reported as total current assets on the balance sheet.

Accounts receivable

$18,750

Allowance for doubtful accounts

6,250

Advance deposits from customers

2,500

Inventory

13,750

Investment in trading securities

26,250

67,500

40,000

52,000

25,000

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