Current Assets Chapter 6 Cash and Cash Equivalents Cash is listed first in the current assets section because it is the most liquid of the assets.
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Available-for-Sale Securities $1,000
Less: Allowance for Unrealized
at Market value $ 980
Accounts Receivable, Gross $5,000
Less: Allowance for Uncollec-
tible Accounts 400
Accounts Receivable, Net $4,600
Cost of goods available for sale
- Ending inventory
Cost of goods sold
End of Chapter 6