A company has current assets of 45000 current liabilities, Ask an Expert

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1. Ben George Inc has Accumulated Depreciation Truck of $12,000 as of December 31, 2008. This relates to a Truck purchased for $16,000, with a salvage value at the end of five years of $1,000. The amount in the Accumulated Depreciation Truck account as of December 31, 2009 is:

2. A company has current assets of $45,000, current liabilities of $30,000, and total liabilities of $55,000. The current ratio is:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9167525

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