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The following information is for Sunny Day Real Estate: Sunny Day Real Estate...

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Accounting

The following information is for Sunny Day Real Estate: 
 Sunny Day Real Estate
 Balance Sheet
 December 31, 2012 
 Cash $ 125,000 Accounts Payable $ 60,000
 Prepaid Insurance 230,000 Salaries and Wages Payable 15,000
 Accounts Receivable 250,000 Mortgage Payable 85,000
 Inventory 170,000 Total Liabilities $160,000
 Land Held for Investment 85,000
 Land 120,000
 Building $100,000
 Less Accumulated Owners Capital 970,000
 Depreciation 20,000 80,000
 Trademark 70,000 Total Liabilities and
 Total Assets $1,130,000 Owners Equity $1,130,000 
The total dollar amount of assets to be classified as Current Assets is
A.

$705,000.
B.

$775,000.
C.

$790,000.
D.

$760,000.

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