Huron has provided the following year-end balances: · Cash, $25,000 · Long-term Investments, $7,900 · Accounts receivable, $9,300 · Property, plant, and equipment, $98,700 · Prepaid insurance, $3,600 · Accumulated depreciation, $10,000 · Inventory, $37,000 · Retained earnings, $12,600 How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500. D)$95,400

Huron has provided the following year-end balances: · Cash, $25,000 · Long-term Investments, $7,900 · Accounts receivable, $9,300 · Property, plant, and equipment, $98,700 · Prepaid insurance, $3,600 · Accumulated depreciation, $10,000 · Inventory, $37,000 · Retained earnings, $12,600 How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500. D)$95,400

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 2CE

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