Huron has provided the following year-end balances:
Cash,$25,000
Patents,$7,900
Accounts receivable,$9,300
Property,plant,and equipment,$98,700
Prepaid insurance,$3,600
Accumulated depreciation,$10,000
Inventory,$37,000
Trademarks,$12,600
Goodwill,$11,000
How much are Huron's current assets?
A)$85,900.
B)$71,300.
C)$74,900.
D)$102,100.

Question

Huron has provided the following year-end balances:
 Cash,$25,000
Patents,$7,900
Accounts receivable,$9,300
 Property,plant,and equipment,$98,700
Prepaid insurance,$3,600
 Accumulated depreciation,$10,000
Inventory,$37,000
 Trademarks,$12,600
Goodwill,$11,000
How much are Huron's current assets?
A)$85,900.
B)$71,300.
C)$74,900.
D)$102,100.

Quizplus · Accepted Answer

Huron's current assets ($74,900) include cash ($25,000), accounts receivable ($9,300), prepaid insurance ($3,600), and inventory ($37,000).

Huron Has Provided the Following Year-End Balances