Use the information in the adjusted trial balance presented below to calculate current assets for taron company: account title dr. cr. cash $ 23,000 accounts receivable 16,000 prepaid insurance 6,600 equipment 100,000 accumulated depreciation—equipment $ 50,000 land 95,000 accounts payable 17,000 interest payable 2,400 unearned revenue 5,000 long-term notes payable 30,000 retained earnings 136,200 totals $ 240,600 $ 240,600

$45,600

Explanation:

The total assets comprises of current assets, fixed assets and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The computation of the current asset is shown below:

= Cash + Accounts receivable + Prepaid insurance

= $23,000 + $16,000 + $6,600

= $45,600

answer; comparing the additional benefits and costs;