The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherw Retained earnings $ 52,700 Supplies 37,700 Equipment Accounts receivable 72,700 9,300 Deferred revenue 6,700 Accounts payable 17,800 Common stock 25,700 Notes payable (due in 18 months) 35,700 Interest payable 7,700 Cash 23,100 What is the amount of current liabilities? Multiple Choice $61,600 $32,200 $25,500
The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherw Retained earnings $ 52,700 Supplies 37,700 Equipment Accounts receivable 72,700 9,300 Deferred revenue 6,700 Accounts payable 17,800 Common stock 25,700 Notes payable (due in 18 months) 35,700 Interest payable 7,700 Cash 23,100 What is the amount of current liabilities? Multiple Choice $61,600 $32,200 $25,500
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 8RE
Related questions
Question
![The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherw
Retained earnings
$ 52,700
Supplies
37,700
Equipment
Accounts receivable
72,700
9,300
Deferred
revenue
6,700
Accounts payable
17,800
Common stock
25,700
Notes payable (due in 18 months)
35,700
Interest payable
7,700
Cash
23,100
What is the amount of current liabilities?
Multiple Choice
$61,600
$32,200
$25,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93d816b5-99ed-409c-a385-fa77e2165b6f%2F39d56932-c0f4-4986-9226-1fda459fac3d%2F1pjj6uq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherw
Retained earnings
$ 52,700
Supplies
37,700
Equipment
Accounts receivable
72,700
9,300
Deferred
revenue
6,700
Accounts payable
17,800
Common stock
25,700
Notes payable (due in 18 months)
35,700
Interest payable
7,700
Cash
23,100
What is the amount of current liabilities?
Multiple Choice
$61,600
$32,200
$25,500
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