Question: Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash and cash equivalents Accounts receivable Inventory
Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments (Long-term) Land Buildings Less: Accumulated depreciation (73500) Trademarks Total assets O $588500 $339900 O $243500 O $392000 $221500 Vaughn Manufacturing Balance Sheet December 31, 2025 $68000 91500 148500 84000 196500 196000 148000 126000 $1058500 Accounts payable Salaries and wages payable Bonds payable Total liabilities Common stock $137000 16900 157000 310900 248600 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1058500 499000 747600
Use the following data to determine the total dollar amount of assets to be classified as current assets- $588500 $339900 $243500 $392000
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