The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014: What are total current assets at December 31, 2014?
A) ¥78,000
B) ¥96,000
C) ¥108,000
D) ¥654,000

Question

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014:  What are total current assets at December 31, 2014?
A) ¥78,000 
B) ¥96,000 
C) ¥108,000 
D) ¥654,000

Quizplus · Accepted Answer

Total current assets are the sum of Cash + Accounts Receivable + Inventory = ¥30,000 + ¥48,000 + ¥30,000 = ¥108,000.

The Following Items (In Thousands) Are Taken from the Financial