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What amount should be included in the current asset section

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Janson Corporation Co.'s trial balance included the following account balances as of December 31, 2022:

Accounts receivable $12,000

Inventories 40,000

Patent  12,000

Investments  30,000

Prepaid insurance  6,000

Note receivable, due 2025  50,000

Problem 1: Investments consist of treasury bills that were purchased in November 2022 and mature in January 2023. Prepaid insurance is for two years. What amount should be included in the current asset section of janson's December 31, 2022 statement of financial position?

A. $88,000

B. $85,000

C. $55,000

D. $135,000

Reference no: EM132856814

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