Solved

Barnes Restaurant Reports the Following Amounts Calculate Current Assets

Question 104

Multiple Choice

Barnes Restaurant reports the following amounts:  Cash $125,000 Inventory $215,000 Land 275,000 UnearnedRevenue 117,000 Equipment 350,000 Common Stock 300,000\begin{array}{llll}\text { Cash } & \$ 125,000 & \text { Inventory }&\$ 215,000 \\\text { Land } & 275,000 & \text { UnearnedRevenue } &117,000\\\text { Equipment } & 350,000 & \text { Common Stock } & 300,000 \\\end{array} Calculate Current Assets.


A) $457,000
B) $615,000
C) $125,000
D) $340,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents