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A Firm Has $4,500 of Cash,equipment Worth $42,000,inventory of $16,700,$12,200

Question 4

Multiple Choice

A firm has $4,500 of cash,equipment worth $42,000,inventory of $16,700,$12,200 worth of patents,and $15,500 of accounts receivable.What is the value of the total current assets?


A) $2,500
B) $24,700
C) $36,700
D) $40,000
E) $62,900

Correct Answer:

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