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Extracted text: Use the following information for the next two (2) questions: Emerald Company's trial balance reflected the following account balances on December 31, 2016: Cash in bank - Dog Bank 200,000 Accounts receivable 750,000 Inventory 600,000 Prepaid insurance 120,000 Prepaid rent (P120,000 per year for the next 3 years) 360,000 Financial assets at fair value through profit or loss 150,000 Financial assets at fair value through other comprehensive income 300,000 Financial assets at amortized cost 500,000 Deferred tax asset 75,000 Bank overdraft – Dog Bank 125,000 Machinery 400,000 Accumulated depreciation 100,000 Noncurrent assets held for sale – land 325,000 Building used as a plant site 460,000
Extracted text: How much is the total current assets for the year ended December 31, 2016? A. 2,505,000 В. 2,430,000 C. 2,140,000 D. 1,815,000 How much is the total noncurrent assets for the year ended December 31, 2016? A. 2,200,000 В. 1,875,000 C. 1,635,000 D. 1,575,000