Barnes Restaurant
Barnes Restaurant reports the following amounts:
$$\begin{array} { l r l r }
\text { Cash } & \$ 125,000 & \text { Inventory } & \$ 215,000 \
\text { Land } & 275,000 & \text { Unearned revenue } & 117,000 \
\text { Equipment } & 350,000 & \text { Common shares } & 300,000
\end{array}$$
-Refer to the figure Barnes Restaurant.How much are current assets?

Question

Barnes Restaurant
Barnes Restaurant reports the following amounts:
 $$\begin{array} { l r l r } 
\text { Cash } & \$ 125,000 & \text { Inventory } & \$ 215,000 \
\text { Land } & 275,000 & \text { Unearned revenue } & 117,000 \
\text { Equipment } & 350,000 & \text { Common shares } & 300,000
\end{array}$$
-Refer to the figure Barnes Restaurant.How much are current assets?

Quizplus · Accepted Answer

Current assets include cash and inventory, which total $125,000 + $215,000 = $340,000.

Barnes Restaurant Barnes Restaurant Reports the Following Amounts -Refer to the Figure Barnes Restaurant

Barnes Restaurant
Barnes Restaurant Reports the Following Amounts -Refer to the Figure Barnes Restaurant