Solution-What amount should be reported as total current

What amount should be reported as total current assets

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Reference no: EM133113488

Question - Safari firm provided the following financial information as of December 31, 2020

Cash 1,000.000

Accounts receivable 1,200,000

Inventory 1,500,000

Financial asset held for trading 300,000

Equipment held for sale 1,000,000

Deferred tax assets 150,000

Inventory account includes 500,000 which is ordinary and expected to be sold beyond 12 months. What amount should be reported as total current assets as of December 31, 2020.

a. 4,150,000 b. 4,500,000

c. 5,000,000 d. 5,150,000

Reference no: EM133113488

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What amount should be reported as total current assets

Reference no: EM133113488

Reference no: EM133113488

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