The Following Information (In Thousands) Is for Zháng Office Supplies

question 38

Multiple Choice

The following information (in thousands) is for Zháng Office Supplies: Zháng Office Supplies
Statement of Financial Position
December 31, 2011
$\begin{array}{lrlr}\text { Trademark } &&& ¥ 70,000 & \text { Share Capital } & ¥ 120,000 \\\text { Land } & &¥ 90,000 && \text { Retained } & 250,000\\\text { Building } & ¥ 100,000&&&\text { Earnings }&¥ 370,000\\\text { Less Accum. }\\\text { Depreciation } & (20,000) & 80,000 & 170,000\\\text { Land held for }&&&75,000 &\text { Accounts } & 60,000\\\text { investment }&&&&\text { Pavable }\\\text { Prepaid Insurance } &&& 30,000 &\text { Salaries } & 10,000 \\\text { Inventory } &&& 70,000 & \text { Mortage } & 90,000\\&&&&\text { Payable }\\\text { Accounts }&&&50,000\\\text { Receivable }\\\text { Cash }&&&65,000&&160,000\\\text { Total Assets }&&&¥530,000&\text { Total Equity }&¥530,000\\&&&&\text { and Liabilities }\\\end{array}$ The total dollar amount of assets to be classified as current assets is

• A) \(¥ 290,000\).
• B) \(¥ 215,000\).
• C) \(¥ 180,000\).
• D) \(¥ 145,000\).

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Definitions:

Internalized

Describes a process or value that has been incorporated within an individual's psychological framework and is reflected in their behavior or decision-making.

Equilibrium Quantity

The quantity of goods or services traded in a market at the equilibrium price, where the quantity supplied equals the quantity demanded.

External Cost

A cost borne by someone who does not participate in the transaction or decision that led to the cost, often associated with negative externalities.

Total Surplus

The sum of consumer and producer surplus in a market, indicating the overall economic benefit to society from market transactions.