The Club of Winston Churchill has the following items disclosed on its balance sheet as at 30 June: What is the value of the club's current assets as at 30 June?
A) $25 000
B) $65 000
C) $68 500
D) $93 500

Question

The Club of Winston Churchill has the following items disclosed on its balance sheet as at 30 June:  What is the value of the club's current assets as at 30 June?
A) $25 000 
B) $65 000 
C) $68 500 
D) $93 500

Quizplus · Accepted Answer

The current assets include cash at bank, account receivables, and prepaid expenses. From the balance sheet, the total of these items is $68,500.

The Club of Winston Churchill Has the Following Items Disclosed