The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2017: Accounts payable Accounts receivable Accumulated depreciation-equipment Advertising expense Cash Share capital-ordinary Dividends Depreciation expense Equipment Insurance expense Note payable, due 6/30/18 Prepaid insurance (12-month policy) Rent expense Retained earnings (1/1/17) Salaries and wages expense Service revenue Supplies Supplies expense What are total current liabilities at December 31, 2017? 72000 280000 352000 72,000 44,000 112,000 84,000 60,000 168,000 56,000 48,000 840,000 12,000 280,000 24,000 68,000 240,000 128,000 532,000 16,000 24,000
The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2017: Accounts payable Accounts receivable Accumulated depreciation-equipment Advertising expense Cash Share capital-ordinary Dividends Depreciation expense Equipment Insurance expense Note payable, due 6/30/18 Prepaid insurance (12-month policy) Rent expense Retained earnings (1/1/17) Salaries and wages expense Service revenue Supplies Supplies expense What are total current liabilities at December 31, 2017? 72000 280000 352000 72,000 44,000 112,000 84,000 60,000 168,000 56,000 48,000 840,000 12,000 280,000 24,000 68,000 240,000 128,000 532,000 16,000 24,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question 18
The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2017:
Accounts payable
Accounts receivable
Accumulated depreciation equipment
Advertising expense
Cash
Share capital-ordinary
Dividends
Depreciation expense
Equipment
Insurance expense
Note payable, due 6/30/18
Prepaid insurance (12-month policy)
Rent expense
Retained earings (1/1/17)
Salaries and wages expense
Service revenue
Supplies
Supplies expense
What are total current liabilities at December 31, 2017?
72000
280000
352000
¥ 72,000
44,000
112,000
84,000
60,000
168,000
56,000
48,000
840,000
12,000
280,000
24,000
68,000
240,000
128,000
532,000
16,000
24,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F873cd621-7ed1-481e-9bcb-4c60d78b0bca%2F9338ecf6-27b2-4c89-9969-4635c98088a6%2Fvsyu9ci_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 18
The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2017:
Accounts payable
Accounts receivable
Accumulated depreciation equipment
Advertising expense
Cash
Share capital-ordinary
Dividends
Depreciation expense
Equipment
Insurance expense
Note payable, due 6/30/18
Prepaid insurance (12-month policy)
Rent expense
Retained earings (1/1/17)
Salaries and wages expense
Service revenue
Supplies
Supplies expense
What are total current liabilities at December 31, 2017?
72000
280000
352000
¥ 72,000
44,000
112,000
84,000
60,000
168,000
56,000
48,000
840,000
12,000
280,000
24,000
68,000
240,000
128,000
532,000
16,000
24,000
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