QUESTION 17 The following information is for SQU Company: Not yet answered Trademark 70,000, Share Capital 120,000; Land 90,000; Retained Earnings 250,000; Building 100,000; Accumulated Depreciation 20,000; Land held for Marked out of 1.00 P Flag question investment 75.000; Accounts Payable 60,000; Prepaid Insurance 30,00o; Salaries Payable 10,000; Inventory 70,000; Mortgage Payable 90,000; Accounts Receivable 50,000; Cash 65,000. The total amount of assets to be classified as current assets and non-current assets is Select one: a. R.O.550,000. b. R.O.75,000. c. R.O.180,000. d. R.O.530,000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QUESTION 17
The following information is for SQU Company:
Not yet answered
Trademark 70,000, Share Capital 120,000; Land 90,0003;
Marked out of 1.0o
Retained Earnings 250,000; Building 100,000%3;
Accumulated Depreciation 20,00o; Land held for
investment 75,000; Accounts Payable 60,000; Prepaid
P Flag question
Insurance 30,00o; Salaries Payable 10,000; Inventory
70,000; Mortgage Payable 90,000; Accounts Receivable
50,000; Cash 65,000. The total amount of assets to be
classified as current assets and non-current assets is
Select one:
a. R.O.550,000.
b. R.O.75,000.
c. R.O.180,000.
d. R.O.530,000.
Transcribed Image Text:QUESTION 17 The following information is for SQU Company: Not yet answered Trademark 70,000, Share Capital 120,000; Land 90,0003; Marked out of 1.0o Retained Earnings 250,000; Building 100,000%3; Accumulated Depreciation 20,00o; Land held for investment 75,000; Accounts Payable 60,000; Prepaid P Flag question Insurance 30,00o; Salaries Payable 10,000; Inventory 70,000; Mortgage Payable 90,000; Accounts Receivable 50,000; Cash 65,000. The total amount of assets to be classified as current assets and non-current assets is Select one: a. R.O.550,000. b. R.O.75,000. c. R.O.180,000. d. R.O.530,000.
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