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The following financial information is from Shovels Construction Company: Accounts Payable...

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Accounting

The following financial information is from Shovels Construction Company:
Accounts Payable $ 14,600
Buildings 80,000
Cash 12,300
Accounts Receivable 11,200
Sales Tax Payable 4,300
Retained Earnings 46,900
Supplies 40,700
Notes Payable (due in 18 months)31,000
Interest Payable 2,600
Common Stock 44,800
What is the amount of current assets, assuming the accounts above reflect normal activity?
Multiple Choice
$23,500
$64,200
$109,000
$144,200

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