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What is the amount of current assets, assuming the accounts above reflect normal activity? (just type in numbers).

Sagot :

abiolataiwo2015

The amount of current assets, assuming the accounts above reflect normal activity  is $60,000.

Current assets

Using this formula

Current assets=Cash+Account receivable+Supplies

Where:

Cash=$10,500

Accounts Receivable=$9,500

Supplies=$40,000

Let plug in the formula

Current assets=$10,500+$9,500+$40,000

Current assets=$60,000

Inconclusion the amount of current assets, assuming the accounts above reflect normal activity  is $60,000.

Learn more about current assets here:https://brainly.com/question/2686492

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