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Alas Company provided the following balances on December 31, 2021:
Cash and cash equivalents 1,200,000
Inventory 650,000
Prepayments 120,000
Investment in associate 440,000
Deferred tax asset 200,000
Intangible assets 380,000
Further analysis of Alas Company's accounts revealed the following:
Problem 1: The amount reported as current assets on December 31, 2021 is
Problem 2: The amount reported as noncurrent asset on December 31, 2021 is
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