Short-Term Investments Assignment | Top Universities

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Balance Sheet December 31, 2010 Assets Cash $ 60,000 40,000 Short-term investments Notes receivable (dae in ten months)e Accounts receivable 30,000 20,000 80,000 Merchandise inventory Special fund for purchasing a building Land Building 80,000 90,000 S100.000 80,000 20.000 Less accumulated depreciation Trademark 70.000 $540.000 Total assets Liabilities 50,000 Notes pavehle (due in su months) 20.000 Accountable Salaries payable Mortgage payable (due in seven years)x Total liabilities 10,000 90,000 $170,000 Owser's Equity Cheryl Stein, Capital Total liabilities and owner's equity 370,000 $540,000 The total dollar amount of assets to be classified as current assets is OA $310,000. OB. $380,000. Oc. $230,000. OD. $220,000. Get Accounting Homework Help Today.