Your Firm Has the Following Balance Sheet Statement Items: Total

question 46

Multiple Choice

Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm's total current assets?

• A) $885,000
• B) $1,550,000
• C) $600,000
• D) $325,000

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Definitions:

Suffix

A suffix is a letter or group of letters added to the end of a word to change its meaning or function.

Suture

A stitch or a row of stitches holding together the edges of a wound or surgical incision.

Lead Away

To guide or direct someone or something away from a certain place.

Middle

The central point or part of something.