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In Ivanhoe's December 31, 2025 balance sheet, the current liabilities total is O $2414000. O $1896500. O $1962500. O $2498500.

In Ivanhoe's December 31, 2025 balance sheet, the current liabilities total is O $2414000. O $1896500. O $1962500. O $2498500.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following trial balance of Ivanhoe Corp. at December 31, 2025 has been properly adjusted. Cash Accounts receivable (net) Inventory Property, plant, and equipment (net). Accounts payable and accrued liabilities. Income taxes payable Deferred income tax liability Common stock Additional paid-in capital Retained earnings, 1/1/25 Net sales and other revenues Costs and expenses Income tax expense Ivanhoe Corp. Trial Balance December 31, 2025 $ Other financial data for the year ended December 31, 2025: Dr. O $2414000. O $1896500. O $1962500, O $2498500. 878500 2696000 2086000 7561000 11160000 536000 $24917500 $ In Ivanhoe's December 31, 2025 balance sheet, the current liabilities total is Cr. 1761000 653000 84500 2344000 3684000 3499000 12892000 Included in accounts receivable is $1210000 due from a customer and payable in quarterly installments of $151250. The last payment is due December 29, 2025. $24917500 During the year, estimated tax payments of $536000 were charged to income tax expense. The current and future tax rate on all types of income is 40%. *
Transcribed Image Text:The following trial balance of Ivanhoe Corp. at December 31, 2025 has been properly adjusted. Cash Accounts receivable (net) Inventory Property, plant, and equipment (net). Accounts payable and accrued liabilities. Income taxes payable Deferred income tax liability Common stock Additional paid-in capital Retained earnings, 1/1/25 Net sales and other revenues Costs and expenses Income tax expense Ivanhoe Corp. Trial Balance December 31, 2025 $ Other financial data for the year ended December 31, 2025: Dr. O $2414000. O $1896500. O $1962500, O $2498500. 878500 2696000 2086000 7561000 11160000 536000 $24917500 $ In Ivanhoe's December 31, 2025 balance sheet, the current liabilities total is Cr. 1761000 653000 84500 2344000 3684000 3499000 12892000 Included in accounts receivable is $1210000 due from a customer and payable in quarterly installments of $151250. The last payment is due December 29, 2025. $24917500 During the year, estimated tax payments of $536000 were charged to income tax expense. The current and future tax rate on all types of income is 40%. *
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