Moss Company
Moss Company has provided the following information from its accounting records for the current year:
-Read the information for Moss Corporation.What are Moss' current assets?
A)$ 100,000
B)$ 165,000
C)$ 210,000
D)$ 240,000

Question

Moss Company
Moss Company has provided the following information from its accounting records for the current year: 
-Read the information for Moss Corporation.What are Moss' current assets?
A)$ 100,000 
B)$ 165,000 
C)$ 210,000 
D)$ 240,000

Quizplus · Accepted Answer

The current assets are the sum of cash ($60,000), accounts receivable ($25,000), inventory ($70,000), and prepaid expenses ($10,000), which equals $165,000.

Moss Company Moss Company Has Provided the Following Information from Its Accounting