Question

Josey Doakes was reading the balance sheet of Gogoldze Inc. when she spilled grape juice on it. After the juice spill, the balance sheet looked like this:($ millions)      12/31/2015Cash          90Accounts Receivable         210Inventory         410Other Current Assets      grapeCurrent Assets      juiceNet Property, Plant, & Equipment      1,080Total Assets      grape          juiceAccounts Payable         115Other Current Liabilities         260Current Liabilities         375Long-term Liabilities         860Common Stock          50Additional Paid-in-Capital         300Retained Earnings         285Total Liabilities and SE      1,870What was Gogoldze Inc.'s Other Current Assets at 12/31/2015?a. $710b. $120c. $370d. $80e. $790

Answer 1

The US government was willing to end its imperialist policies.

Some Americans were opposed to imperialism.

US imperialist policies had been unsuccessful.

The US president was working to end US imperialism.

Step-by-step explanation:

Answer 2

d. $80

Step-by-step explanation:

The computation of the other current assets is shown below:

= Total assets - Net Property, Plant, & Equipment - cash - Accounts Receivable - inventory - Other Current Assets

= $1,870 - $1,080 - $90 - $210 - $410 - Other Current Assets

= $80 - Other Current Assets

So, the other current assets would be $80

And, we know that

Total assets = Total liabilities + total stockholder equity

So,

Total assets = $1,870