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A Firm Has $300 in Inventory, $600 in Fixed Assets

Question 56

Multiple Choice

A firm has $300 in inventory, $600 in fixed assets, $200 in accounts receivable, $100 in accounts payable, and $50 in cash.What is the amount of the current assets?


A) $500
B) $550
C) $600
D) $1,150
E) $1,200

Correct Answer:

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