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Based on the following data- what is the amount of quick assets- Selec.docx
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Based on the following data, what is the amount of quick assets? Select the correct answer. Solution $116,697 Quick assets = Accounts receivable + Cash + Marketable securities Quick assets = $70,405 +$16,012 + $30,280 Quick assets = $116,697 .
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Based on the following data- what is the amount of quick assets- Selec.docx
- Based on the following data, what is the amount of quick assets? Select the correct answer. Accounts payable $34,899 Accounts receivable $70,405 Accrued liabilities $6,517 Cash $16,012 Intangible assets $43,743 Inventory $81,417 Long-term investments $93,921 Long-term liabilities $76,522 Marketable securities $30,280 Notes payable (short-term) $24,517 Property, plant, and equipment $607,974 Prepaid expenses $2,614 Solution $116,697 Quick assets = Accounts receivable + Cash + Marketable securities Quick assets = $70,405 +$16,012 + $30,280 Quick assets = $116,697
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