The following balances are provided: Cash $234,000   Accounts Payable $  97,000 Inventories 121,000   Notes Payable (due 2018) 211,000 Land 453,000   Accounts Receivable 46,000 Refer to Benchmark Surveyors. Calculate Current Assets. a.$854,000 b.$401,000 c.$709,000 d.$498,000

Cornerstones of Financial Accounting
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Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...
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The following balances are provided:

Cash $234,000   Accounts Payable $  97,000
Inventories 121,000   Notes Payable (due 2018) 211,000
Land 453,000   Accounts Receivable 46,000

Refer to Benchmark Surveyors. Calculate Current Assets.
a.$854,000
b.$401,000
c.$709,000
d.$498,000
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