Reporting a net income of $ 95,000 will Question 12
Based on the following data , what is the amount of current assets ? Accounts payable ……………………………………………………….. $ 62,000 Accounts receivable …………………………………………………….. 100,000 Cash …………………………………………………………………… …. 50,000 Intangible assets ………………………………………………………… 100,000 Inventory ……………………………………………………………… …. 138,000 Long-term investments …………………………………………………. 160,000 Long-term liabilities ……………………………………………………… 200,000 Short-term investments …………………………………………………. 80,000 Notes payable …………………………………………………………….
56,000 Property , plant , and equipment …………………………………………… 1,340,000 Prepaid insurance ………………………………………………………..
2,000 Question 13
Using the following balance sheet and income statement data , what is