Instructions: select the correct answer.
these are the accounts in abc inc.’s trial balance:
inventory: $19,000
bonds payable: $14,500
patents: $220,000
land: $80,000
accounts payable: $26,500
cash: $7,000
equipment: $150,000
goodwill: $105,000
notes payable: $10,000
wages payable: $14,000
common stock: $85,000
accounts receivable: $13,500
what is the total of the firm’s current assets?
a $32,500
b $39,500
c $225,000
d $35,500