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Bevco Company Has Provided the Following Information from Its Accounting

Question 31

Multiple Choice


Bevco Company has provided the following information from its accounting records for the current year:
 Cash $55,000 Accounts receivable $45,000 Inventory 65,000 Land 75,000 Accounts payable 50,000 Notes payable (due 2021)  150,000 Retained earnings ? Capital stock 20,000\begin{array}{lrlr}\text { Cash } & \$ 55,000 & \text { Accounts receivable } & \$ 45,000 \\\text { Inventory } & 65,000 & \text { Land } & 75,000 \\\text { Accounts payable } & 50,000 & \text { Notes payable (due 2021) } & 150,000 \\\text { Retained earnings } & ? & \text { Capital stock } & 20,000\end{array}
-Read the information for Bevco Company.What are Bevco' current assets?


A) $100,000
B) $165,000
C) $210,000
D) $240,000

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