Mathematics

Hillary Yu

18 July, 00:49

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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