1.Period costs include:
Choose one answer.
a. current assets on the balance sheet
b. current liabilities on the balance sheet
c. operating costs that are shown on the income statement when products are sold
d. operating costs that are shown on the income statement in the period in which they are incurred
2.Accounts payable $ 30,000
Accounts receivable 65,000
Accrued liabilities 7,000
Cash 20,000
Intangible assets 40,000
Inventory 72,000
Long-term investments 100,000
Long-term liabilities 75,000
Marketable securities 36,000
Notes payable (short-term) 20,000
Property, plant, and equipment 625,000
Prepaid expenses 2,000
Based on the above data, what is the amount of quick assets?
Choose one answer.
a. $163,000
b. $195,000
c. $121,000
d. $56,000