Based on the Following Data, What Is the Amount of Current

question 87

Multiple Choice

Based on the following data, what is the amount of current assets? $\begin{array} { l } \text {Accounts payable }&\$ 62,000\\ \text { Accounts receivable}&100,000\\ \text {Cash }&70,000\\ \text {Intangible assets }&100,000\\ \text { Inventory.}&138,000\\ \text {Long-term investments }&160,000\\ \text {Long-term liabilities }&200,000\\ \text {Short-term investments. }&80,000\\ \text {Notes payable }&56,000\\ \text { Property, plant, and equipment}&1,340,000\\ \text {Prepaid insurance }&2,000\\\end{array}$

• A)$232,000
• B)$390,000
• C)$252,000
• D)$250,000

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Definitions:

Third-Party Intervention

Involvement by an external party to help negotiate or mediate conflicts within an organization.

Process Control

The use of technology and systems to monitor and adjust ongoing processes and operations to ensure they meet predetermined standards and efficiency levels.

Decision Control

The process of making choices among various strategies and regulating the execution of these decisions to achieve specific goals.

Mediator

An individual or element that intervenes or facilitates a process or interaction to reach an agreement or improve a situation.