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Stine Corp.'s trial balance reflected the following account balances at December 31, 2024: Accounts receivable (net) $23,000 Trading securities 6,000 Accumulated depreciation on equipment and furniture 15,000 Cash 16,000 Inventory 30,000 Equipment 25,000 Patent 4,000 Prepaid expenses 2,000 Land held for future business site 18,000. In Stine's December 31, 2024 balance sheet, the current assets total is

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Answer: $77,000

Explanation:

Current Assets are those assets that will be expended within the period. In this case they will include;

= Accounts Receivable + Trading securities + Cash + Inventory + Prepaid expenses

= 23,000 + 6,000 + 16,000 + 30,000 + 2,000

= $77,000

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