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.
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.
Chapter1: Financial Statements And Business Decisions
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