Use the Information in the Adjusted Trial Balance Presented Below

question 73

Multiple Choice

Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company, Inc.: Account
$\begin{array} { l r r } \quad { \text { Account Title } } & \text { Debit } & { \text { Credit } } \\\text { Cash } & 50,000 & \\\text { Accounts receivable } & 25,000 & \\\text { Prepaid insurance } & 10,200 & \\\text { Equipment } & 190,000 & \\\text { Accumulated Depreciation - } & & 95,000 \\\text { Equipment } & 104,000 & \\\text { Land } & & 26,000 \\\text { Accounts payable } && 4,650 \\\text { Interest payable } & & 7,700 \\\text { Unearned revenue } & & 57,000 \\\text { Long-term notes payable } & & 1,900 \\\text { Common stock } & & 186,950 \\\text { Retained earnings } & & \\& & \\\text { Totals }&379,200&379,200\end{array}$

• A)0.45
• B)2.22
• C)2.71
• D)2.12.

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Definitions:

Antipsychotic Drugs

Medications used to treat various symptoms of psychosis, including hallucinations, delusions, and disorders such as schizophrenia.

Hallucinations

Perceptions in a conscious and awake state that appear real but are created by the mind, lacking actual external stimuli.

Delusions

Strongly held beliefs despite superior evidence to the contrary; often found in psychiatric conditions.

Defensive Manoeuvres

Psychological strategies employed by individuals to protect themselves from anxiety and internal conflicts by denying or distorting reality.