Bevco Company Has Provided the Following Information from Its Accounting

question 31

Multiple Choice

Bevco Company has provided the following information from its accounting records for the current year:
$\begin{array}{lrlr}\text { Cash } & \$ 55,000 & \text { Accounts receivable } & \$ 45,000 \\\text { Inventory } & 65,000 & \text { Land } & 75,000 \\\text { Accounts payable } & 50,000 & \text { Notes payable (due 2021) } & 150,000 \\\text { Retained earnings } & ? & \text { Capital stock } & 20,000\end{array}$
-Read the information for Bevco Company.What are Bevco' current assets?

• A)$100,000
• B)$165,000
• C)$210,000
• D)$240,000

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