Use the information below for Harding Company to answer the question that follow.Harding CompanyAccounts payable$32,441Accounts receivable62,838Accrued liabilities6,445Cash23,006Intangible assets41,037Inventory84,374Long-term investments95,861Long-term liabilities72,719Marketable securities34,097Notes payable (short-term)29,992Property, plant, and equipment694,005Prepaid expenses1,051Based on the data for Harding Company, what is the amount of quick assets?

Quick assets = Accounts receivable + Cash + Marketable securities or Quick assets = Current Assets -…

Answered: Use the information below for Harding…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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Use the information below for Harding Company to answer the question that follow.

Harding Company
Accounts payable	$32,441
Accounts receivable	62,838
Accrued liabilities	6,445
Cash	23,006
Intangible assets	41,037
Inventory	84,374
Long-term investments	95,861
Long-term liabilities	72,719
Marketable securities	34,097
Notes payable (short-term)	29,992
Property, plant, and equipment	694,005
Prepaid expenses	1,051

Based on the data for Harding Company, what is the amount of quick assets?

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