Instructions:Select the correct answer.
These are the accounts in ABC Inc.'s trial balance:
Inventory: $19,000
Bonds Payable: $14,500
Patents: $220,000
Land: $80,000
Accounts Payable: $26,500
Cash: $7,000
Equipment: $150,000
Goodwill: $105,000
Notes Payable: $10,000
Wages Payable: $14,000
Common Stock: $85,000
Accounts Receivable: $13,500
What is the total of the firm's current assets?
A $32,500
B $39,500
C $225,000
D $35,500
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