Based on the following data, what is the amount of quick assets? Accounts payable $30,000 Accounts receivable 45,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Temporary investments 36,000 O a. $173,000 Ob. $175,000 O c. $101,000 O d. $65,000

Based on the following data, what is the amount of quick assets? Accounts payable $30,000 Accounts receivable 45,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Temporary investments 36,000 O a. $173,000 Ob. $175,000 O c. $101,000 O d. $65,000

Name: Based on the following data, what is the amount of quick assets?Accou
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Description: Based on the following data, what is the amount of quick assets?Accounts payable$30,000Accounts receivable45,000Accrued liabilities7,000Cash20,000Intangible assets40,000Inventory72,000Long-term investments100,000Long-term liabilities75,000Notes paya

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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