What is the total current assets

Assignment Help Financial Accounting

Reference no: EM132831876

Question - Positivity Company provided the following information on December 31, 2020 ( in their normal balances):

Accounts Receivable- 350,000;

Accounts payable - 200,000;

Accrued Expenses - 150,000;

Building in progress - 500,000;

Cash in bank - 200,000;

Cash surrender value - 150,000;

Merchandise Inventory - 580,000;

Office equipment - 200,000;

Share Capital - 1,500,000;

Accumulated profits - 400,000;

Revaluation Surplus - 50,000;

Required - What is the total current assets?

Reference no: EM132831876

Questions Cloud

What is the actual annual interest rate : This procedure is called "add on" interest. What is the actual annual interest rate being charged on this loan

Why do so many people launch a small business : Why do so many people launch a small business? What are the typical characteristics of an entrepreneur? Discuss the overall concept of entrepreneurship.

What are some of the ethical issues : Are you aware of any of these issues from your personal experience or from businesses you are familiar with?

What sales level must be achieved to have : The Sunmoon Ltd is the distributor for a foreign product. What sales level must be achieved to have the after tax target profit Tk.3,00,000.00

What is the total current assets : Positivity Company provided the following information on December 31, 2020 ( in their normal balances): What is the total current assets

Ucas application process action plan : Create an engaging presentation (to last no longer than 5 minutes) to be given to the class showing the information you have detailed

Scheduled production for the third quarter : The finished goods inventory at the start of the year is 2,500 units. Scheduled production for the third quarter

Describe the basic nature of the diet : Dieting is common in our society and everyone wants a piece of the action. So many diets are available to choose from if someone wants to change their health

Pros and cons of e-commerce for businesses : Research the pros and cons of e-commerce for businesses and recommend an option to Emma.

User Account

All Pages