Use the following data to determine the total dollar amount of assets to be classified as current assets. koonce office suppliesbalance sheetdecember 31, 2014cash$ 130,000accounts payable$ 140,000accounts receivable100,000salaries and wages payable20,000inventory110,000mortga ge payable160,000prepaid insurance60,000total liabilities$320,000stock investments170,000land180,000buildi ngs$210,000common stock$240,000less: accumulatedretained earnings500,000depreciation(40,000) 170,000total stockholders' equity$740,000trademarks140,000tota l liabilities andtotal assets$1,060,000stockholders' equity$1,060,000a)$570,000b)$400,00 0c)$340,000d)$290,000

A)$570,000

Explanation:

Balance Sheet2014

Cash$130,000

Accounts Receivable$100,000

Prepaid Insurances$60,000

Stock Investments$170,000

Inventory$110,000

TOTAL CURRENT ASSETS  $570,000

Building$210,000

Depreciation-$40,000

Intangible Assets$140,000

Land$180,000

TOTAL ASSETS  $1,060,000

Accounts Payable  $140,000

Wages Payable  $20,000

Mortgage Payable  $160,000

TOTAL LIABILITIES  $320,000

Common Stock  $240,000

Retained Earnings  $500,000

TOTAL EQUITY  $740,000

TOTAL EQUITY + LIABILITIES  $1,060,000

happiness is the correct luck

explanation:

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.