The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015: What are total current assets at December 31, 2015?
A)$26,000
B)$32,000
C)$36,000
D)$42,000

Question

The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015:  What are total current assets at December 31, 2015?
A)$26,000 
B)$32,000 
C)$36,000 
D)$42,000

Quizplus · Accepted Answer

Total current assets can be found by adding cash and cash equivalents, short-term investments, accounts receivable, and inventories. These total $36,000 on the financial statements.

The Following Items Are Taken from the Financial Statements of the Postal