What the total of mare current asset is

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Mare Co's December 31,20x1 balance sheet reported the following current assets:

Cash 70,000

Accounts receivable 120,000

Inventories 60,000

Total: 250,000

An analysis of the accounts disclosed that accounts receivable consisted of the following:

Trade accounts 96,000

Allowance for uncollectible accounts (2,000)

Selling price of Mares unsold goods out on

Consignment 130% of cost, not included in Mare's

Ending inventory 26,000

Total: 120,000

Problem 1: At December 31, 20x1, the total of Mare's current asset is?

Reference no: EM132728741

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