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    Financial Accounting Study Set 22
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    Exam 1: The Financial Statements
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    Current Assets as Reported on the Balance Sheet Do NOT
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Current Assets as Reported on the Balance Sheet Do NOT

Question 40

Question 40

Multiple Choice

Current assets as reported on the balance sheet do NOT include:


A) cash equivalents.
B) inventory.
C) prepaid insurance.
D) goodwill.

Correct Answer:

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