Barnes Restaurant reports the following amounts: Cash $125,000   Inventory $215,000 Land 275,000   Unearned Revenue 117,000 Equipment 350,000   Common Stock 300,000 Calculate Current Assets. a.$340,000 b.$125,000 c.$615,000 d.$457,000

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.6P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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  1. Barnes Restaurant reports the following amounts:

    Cash $125,000   Inventory $215,000
    Land 275,000   Unearned Revenue 117,000
    Equipment 350,000   Common Stock 300,000

    Calculate Current Assets.
    a.$340,000
    b.$125,000
    c.$615,000
    d.$457,000
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