Stine Corps trial balance reflected the following account ba

Stine Corp.\'s trial balance reflected the following account balances at December 31, 2015: Accounts receivable (net) $25,000 Trading securities 8,000 Accumulated depreciation on equipment 10,000 Cash and Cash Equivalents 15,000 Inventory 30,000 Office Equipment 25,000 Patent 4,000 Prepaid insurance 1,000 Land held for future business site 18,000 In Stine\'s December 31, 2015 balance sheet, the current assets total is

Select one: A. $37,000 B. $79,000 C. $83,000 D. $136,000

Solution

Current assets total = 25000+8000+15000+30000+1000= $79000 Option B is correct