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The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Cash $30,000 Supplies $3,000 Deferred Revenue $15,000 Retained Earnings $65,000 $100 000

The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Cash $30,000 Supplies $3,000 Deferred Revenue $15,000 Retained Earnings $65,000 $100 000

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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rable (due In 18 monthe) $100,000 Accounts Payable $40,000 Interest Payable $4,000 Equipment $125,000 Accounts Receivable $22,000 Common Stock $55,000 What is the amount of current liabilities? O $44,000. O $144,000. O $59,000. O $159000.
Transcribed Image Text:rable (due In 18 monthe) $100,000 Accounts Payable $40,000 Interest Payable $4,000 Equipment $125,000 Accounts Receivable $22,000 Common Stock $55,000 What is the amount of current liabilities? O $44,000. O $144,000. O $59,000. O $159000.
The following financial information is from Bronco Company. All debt is due within one year unless stated Attemp 1 Ho otherwise. Cash $30,000 Supplies $3,000 Deferred Revenue $15,000 Retained Earnings $65,000 Notes Payable (due in 18 months) $100,000 $40,000 Accounts Payable $4,000 Interest Payable
Transcribed Image Text:The following financial information is from Bronco Company. All debt is due within one year unless stated Attemp 1 Ho otherwise. Cash $30,000 Supplies $3,000 Deferred Revenue $15,000 Retained Earnings $65,000 Notes Payable (due in 18 months) $100,000 $40,000 Accounts Payable $4,000 Interest Payable
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