The trial balance of a company included the following account balances: Cash, $25,000; Short-Term Investments, $10,000;Accounts Receivable,
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Question:
- The trial balance of a company included the following account balances:
- Cash, $25,000; Short-Term Investments, $10,000;Accounts Receivable, $40,000; Inventory, $90,000; and Prepaid Insurance, $12,000.
- Calculate Its total quick assets?
Expert Answer:
Quick assets refer to the assets owned by a company that can quickly be converted into c... View the full answer
Related Book For 
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Posted Date:
