Baugh and Essary reports the following account balances: inventory of $17,600,equipment of $128,300,accounts payable of $24,700,cash of $11,900,and accounts receivable of $31,900.What is the amount of the current assets?
A)$46,700
B)$56,000
C)$61,400
D)$175,000
E)$199,700

Question

Quizplus · Accepted Answer

Current assets = $17,600 + $11,900 + $31,900 = $61,400

Baugh and Essary Reports the Following Account Balances: Inventory of $17,600,equipment