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Marat540 [252]
4 years ago
12

The following is the adjusted trial balance for Stockton Company.

Business
2 answers:
gladu [14]4 years ago
7 0

Answer:

The value of current assets is $9054.

Explanation:

The current assets are the assets which are expected to be sold or consumed within a year under the normal operations of the business. The current assets are usually the cash and cash equivalents,  the prepaid expenses, accounts receivables and the inventory.

In the given trial balance, there are only three current assets - Cash, Accounts receivable and prepaid expenses.

The current assets are = 5750 + 2638 + 666 = $9054

fomenos4 years ago
5 0

Answer:

the current assets amount is $9,054

Explanation:

Current Assets are Economic Resources that will result in Inflow of Future Economic Benefits for a Period less that 12 months.

<u>Current Assets Calculation :</u>

Cash                                       5,750

Accounts Receivable            2,638

Prepaid Expenses                   666

Total                                       9,054

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Answer:

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2 years ago
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RUDIKE [14]

Answer:

Annual deposit= $4,143.66

Explanation:

Giving the following information:

You need to have saved $1,000,000 in 30 years. You can invest in a retirement account that guarantees you a 12% annual return.

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