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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