Smiley Corporation's current sales and partial balance sheet are shown below. This year $10,000 Sales Balance...

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Smiley Corporations current sales and partial balance sheet are shown below. This year $10,000 Sales Balance Sheet: Liabilit

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Answer 1

Answer #1

Solution:

Projected spontaneous liabilities (i.e accounts payable and accrual)	3920
(1500+2000)*1.12

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Answer 2

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