Use the Information in the Adjusted Trial Balance Presented Below

question 152

Multiple Choice

Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: $\begin{array}{|l|r|l|}\hline \text { Account Title } & \text { Dr. } & \text { Cr. } \\\hline \text { Cash } & \$ 23,000 & \\\hline \text { Accounts receivable } & 16,000 & \\\hline \text { Prepaid insurance } & 6,600 & \\\hline \text { Equipment } & 100,000 & \\\hline \text { Accumulated Depreciation-Equipment } & & \$ 50,000 \\\hline \text { Land } & 95,000 &\\\hline \text { Accounts payable } & & 17,000 \\\hline \text { Interest payable } & & 2,400 \\\hline \text { Unearned revenue } & & 5,000 \\\hline \text { Long-term notes payable } & & 30,000 \\\hline \text { Z. Taron, Capital } & & 136,200 \\\hline \text { Totals } & \$ 240,600 & \$ 240,600 \\\hline\end{array}$

• A)$45,600.
• B)$21,200.
• C)$41,200.
• D)$95,600.
• E)$24,400.

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Definitions:

Transported

Moved or carried from one place to another.

Chronic Obstructive Pulmonary Disease

A group of progressive lung diseases, including emphysema and chronic bronchitis, that restrict airflow and cause breathing difficulties.

Cigarette Smokers

Individuals who regularly inhale the smoke of burned tobacco typically in the form of cigarettes.

Tidal Volume

The amount of air that is inhaled or exhaled during normal breathing.