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Compute the total current assets

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Reference no: EM132960080

Question - Compute the total current assets. (FORMAT OF ANSWER EXAMPLE: P500,000/P1,500,000)

(a) Trade installment receivables normally collectible in 18 months, P100,000.

(b) Installment notes receivable due over 18 months in accordance with normal trade practice, P150,000.

(c) Prepaid taxes which cover assessments of the operating cycle of the entity, P50,000. (d) Trading securities purchased by the temporary investment of cash available for current operations, P500,000.

(e) A receivable from a customer not collectible within one year, P200,000.

(f) A deposit on machinery ordered, delivery of which will be made within six months, P100,000.

Reference no: EM132960080

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