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Sedaia [141]
3 years ago
6

A list of financial statement items for Ivanhoe Company includes the following: accounts receivable $16,800; prepaid insurance $

3,120; cash $12,480; supplies $4,560; and debt investments (short-term) $9,840. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.)
Business
1 answer:
goldfiish [28.3K]3 years ago
5 0

Answer:

Current Assets:

Cash $12,480

Debt Investments (short-term) $9,840

Accounts Receivable $16,800

Supplies $4,560

Prepaid Insurance $3,120

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