Question: Question 15 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as current

Question 15 View Policies Current Attempt in Progress Use the following

Question 15 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as current assets. Nash's Trading Post, LLC Balance Sheet December 31, 2017 Cash $195000 $185000 140000 Accounts payable Salaries and wages payable Accounts receivable 25000 Inventory 150000 Mortgage payable 225000 Prepaid insurance 85000 Total liabilities $445000 Stock investments (long-term) 250000 Land 250000 Buildings $300000 Common stock $335000 Less: Accumulated depreciation (55000) 245000 Retained earnings 725000 Trademarks 200000 Total stockholders' equity $1060000 Total assets $1505000 Total liabilities and stockholders' equity $1505000 $810000 $560000 $410000 $475000

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