Final answer:
Symphony's total current assets would be 130, calculated by adding the reported assets: reserves (30), bonds (50), and loans (50).
Step-by-step explanation:
To determine Symphony's total current assets, we must consider the items listed as assets: reserves, bonds, and loans. Since the current assets include all assets that are expected to be sold, consumed, or converted into cash within one business year, we can calculate Symphony's total current assets by simply adding these figures together. The given figures are:
- Reserves: 30
- Bonds: 50
- Loans: 50
Adding these up:
30 (reserves) + 50 (bonds) + 50 (loans) = 130
Therefore, Symphony would report 130 as its total current assets on its balance sheet.