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Brief Exercise 14-08 In alphabetical order below are current asset items for Roland Companys balance sheet at December 31, 2
ROLAND COMPANY Balance Sheet %24
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Solution:

ROLAND COMPANY Balance sheet:

CURRENT ASSETS

Amount $

Cash

63000

Account receivable

201000

Inventories

Finished goods

80000

work in process

88000

Raw material

83000

251000

Prepaid expenses

39000

Total current assets

$      554000

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