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How much total current assets should present

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Question - The working capital of BT21 Co. on December 31, 2021 are presented below:

Cash on hand - 200,000 Cash in bank - 108,000

Notes receivable - 250,000 Trade receivable - 600,000

Inventory - 650,000 Prepaid expenses - 45,000

Trade payables - 325,000 Notes payable (due annually at 500,000 payable every March 31) - 1,000,000

Accrued expenses - 40,000

Required - How much total current assets should BT21 Co. present in its statement of financial position on December 31, 2021?

Reference no: EM133075356

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