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Business, 19.09.2019 01:00 Joesefsky

Use the following data to determine the total dollar amount of assets to be classified as current assets. koonce office suppliesbalance sheetdecember 31, 2014cash$ 130,000accounts payable$ 140,000accounts receivable100,000salaries and wages payable20,000inventory110,000mortga ge payable160,000prepaid insurance60,000total liabilities$320,000stock investments170,000land180,000buildi ngs$210,000common stock$240,000less: accumulatedretained earnings500,000depreciation(40,000) 170,000total stockholders' equity$740,000trademarks140,000tota l liabilities andtotal assets$1,060,000stockholders' equity$1,060,000a)$570,000b)$400,00 0c)$340,000d)$290,000

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