The following financial information is from Shovels Construction Company: Accounts Payable Buildings Cash Accounts Receivable Income...
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The following financial information is from Shovels Construction Company: Accounts Payable Buildings Cash Accounts Receivable Income Tax Payable Retained Earnings Supplies Notes Payable (due in 18 months) Interest Payable Common Stock $ 14,300 84,000 10,900 10,100 4,100 46,500 41,700 35,000 2,600 44,200 What is the amount of current assets, assuming the accounts above reflect normal activity? The following financial information is from Shovels Construction Company: Accounts Payable Buildings Cash Accounts Receivable Income Tax Payable Retained Earnings Supplies Notes Payable (due in 18 months) Interest Payable Common Stock $ 14,300 84,000 10,900 10,100 4,100 46,500 41,700 35,000 2,600 44,200 What is the amount of current assets, assuming the accounts above reflect normal activity?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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