The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. $52,000 37,000 72,000 8,600 6,000 15,000 25,000 35,000 7,000 22,400 Retained Earnings Supplies Equipment Accounts Receivable Deferred Revenue Accounts Payable Common Stock Notes Payable (due in 18 months) Interest Payable ash What is the amount of current liabilities? Select one: OA. $28,000. O B. $22,000. O C. $45,600. O D. $63,000.
The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. $52,000 37,000 72,000 8,600 6,000 15,000 25,000 35,000 7,000 22,400 Retained Earnings Supplies Equipment Accounts Receivable Deferred Revenue Accounts Payable Common Stock Notes Payable (due in 18 months) Interest Payable ash What is the amount of current liabilities? Select one: OA. $28,000. O B. $22,000. O C. $45,600. O D. $63,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise.
$52,000
37,000
72,000
8,600
6,000
15,000
25,000
35,000
7,000
22,400
Retained Earnings
Supplies
Equipment
Accounts Receivable
Deferred Revenue
Accounts Payable
Common Stock
Notes Payable (due in 18 months)
Interest Payable
Cash
What is the amount of current liabilities?
Select one:
OA. $28,000.
O B. $22,000.
O C. $45,600.
O D. $63,000.
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