Maxim Company had the following partial list of accounts and balances at the end of the year:

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Cash, $7,000;

accounts receivable, $6,000;

Accounts Payable, $15,000;

Equipment, $23,000;

Inventories, $5,000;

Supplies, $1,000;

Land, $75,000;

Unearned service income, $13,000; and

Prepaid Rent, $4,000.

Calculate total current assets of the Maxim Company

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Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

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Posted Date: Jun 05, 2023 01:50 AM

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Maxim Company had the following partial list of accounts and balances at the end of the year:

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Introduction to Management Accounting

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