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The Balances of Select Accounts of Sandra Company as of December

Question 159

Multiple Choice

The balances of select accounts of Sandra Company as of December 31, 2016 are given below: The balances of select accounts of Sandra Company as of December 31, 2016 are given below: The insurance has been prepaid until June 30, 2017. Determine the amount of total current assets reported on the balance sheet. A) $12,300 B) $5,700 C) $8,600 D) $6,300 The insurance has been prepaid until June 30, 2017. Determine the amount of total current assets reported on the balance sheet.


A) $12,300
B) $5,700
C) $8,600
D) $6,300

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