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:

Arachnophobia

A specific phobia involving intense fear of spiders.

Claustrophobia

An anxiety disorder characterized by an irrational fear of being in enclosed or narrow spaces.

Psychosomatic

Pertaining to or involving both mind and body; usually refers to physical illnesses or symptoms that are influenced by emotional or mental factors.

Somatic

Relating to or affecting the body, especially as distinct from the mind or emotions.