Bevco Company has provided the following information from its accounting records for the current year: Cash...
Bevco Company has provided the following information from its
accounting records for the current year:
| Cash | $ 55,000 | Accounts receivable | $ 45,000 | |
| Inventory | 65,000 | Land | 75,000 | |
| Accounts payable | 50,000 | Notes payable (due 2021) | 150,000 | |
| Retained earnings | ? | Capital stock | 20,000 |
Read the information for Bevco Company. What are Bevco' current
assets?
Homework Answers
Answer
--Current Assets will include Cash $ 55000 + Inventory $ 65000 +
Accounts receivables $ 45000
= 55000 + 65000 + 45000
= $ 165,000 Answer.
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Bevco Company has provided the following information from its
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