Homework Answers
| Balance Sheet | ||
| Liabilities | ||
| Current Liabilities: | ||
| Accounts payable | 3,800,000 | |
| Accrued expense | 400,000 | |
| Unearned interest income | 100,000 | |
| Deferred tax liability | 800,000 | |
| Dividends payable | 1,000,000 | |
| Income tax payable | 1,800,000 | |
| Note payable, due January 31, 2019 | 1,200,000 | |
| Total Current liabilities | 9,100,000 | |
Total amount of current liabilities in the statement of financial position as at December 31, 2018 is 9,100,000.
Correct option is B.
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