Answered: A company has the following…

A company has the following liabilities: Accounts payable = $75,000 ⚫ Accrued wages = $25,000 ⚫ Short-term notes payable = $45,000 Accrued taxes = $20,000 Calculate the total current liabilities.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Question

Calculate the current liabilities general accounting question

A company has the following liabilities:
Accounts payable = $75,000
⚫ Accrued wages = $25,000
⚫ Short-term notes payable = $45,000
Accrued taxes = $20,000
Calculate the total current liabilities.

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