Use the Information That Follows from the Financial Statements of Pines

question 82

Essay

Use the information that follows from the financial statements of Pines Company at December 31, 2017, to answer questions 16 through 20 that follow.
$\begin{array}{lr}\text { Accounts payable } & \$ 2,000 \\\text { Accounts receivable } & 3,000 \\\text { Capital stock } & 8,000 \\\text { Cash } & 5,000 \\\text { Inventory } & 19,000 \\\text { Land } & 24,000 \\\text { Notes payable (short-term) } & 5,000 \\\text { Cost of goods sold } & 12,000 \\\text { Retained earnings } & 21,000 \\\text { Sales revenue } & 20,000\end{array}$
-Calculate total current assets for Pines Company at December 31, 2017.

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Definitions:

Attitudes

A settled way of thinking or feeling about something, often reflected in a person's behavior.

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful by others.

Situational Factors

External influences that can affect behavior and decision-making in specific contexts.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in explaining other people's behavior.