Homework Answers
Correct option is
C. $3,900,000
Current liabilities are those which are payable or due with in next 12 months.
Calculation :
Accounts payable $ 1900,000
Dividends Payable 500,000
Income tax payable 900,000
Note payable 600,000
Total $3900,000
Deferred liabilities are also current liability but in the question it is mentioned that they will be reversed in 2019. Hence not considered.
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