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The Balances of Select Accounts of Sandra Inc

Question 122

Multiple Choice

The balances of select accounts of Sandra Inc.as of December 31,2015 are given below: The balances of select accounts of Sandra Inc.as of December 31,2015 are given below:    -The insurance has been prepaid for the next half year.Determine the amount of total current assets reported on the balance sheet. A) $10,500 B) $5,700 C) $8,650 D) $6,150
-The insurance has been prepaid for the next half year.Determine the amount of total current assets reported on the balance sheet.


A) $10,500
B) $5,700
C) $8,650
D) $6,150

Correct Answer:

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