The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2011:

What are total current assets at December 31, 2011?

Question

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2011:

What are total current assets at December 31, 2011?

Quizplus · Accepted Answer

Total current assets can be calculated by adding cash and cash equivalents (¥10,000), accounts receivable (¥6,000), inventory (¥10,000), and prepaid expenses (¥10,000). This equals ¥36,000.

The Following Items (In Thousands) Are Taken from the Financial