Based on the following data, what is the amount of current assets? accounts payable.. $62,000 accounts receivable.. 100,000 cash. 70,000 intangible assets 100,000 inventory. 138,000 long-term investments. 160,000 long-term liabilities 200,000 short-term investments. 80,000 notes payable. 56,000 property, plant, and equipment.. 1,340,000 prepaid insurance.. 2,000

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

= Accounts receivable + Cash + Inventory +  Short-term investments + Prepaid insurance

= $100,000 + $70,000 + $80,000 + $2,000

= $252,000

The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.

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