Answer me which one should I select; A,b, c, d
QUESTION 1
Saba Inc. shows the following general ledger accounts:
Cash |
4,500 |
Accounts Receivable |
11,500 |
Merchandise Inventory |
21,900 |
Long‐term Investments |
5,900 |
Prepaid Expenses |
8,900 |
Intangible Assets |
22,000 |
Long‐term Notes Payable |
30,400 |
Land |
45,000 |
Equipment |
14,500 |
Accounts Payable |
7,800 |
Common Stock |
5,000 |
Supplies Expense |
7,000 |
Service Revenue |
54,000 |
Unused Supplies |
2,300 |
Unearned Revenue |
16,750 |
What is the balance of its current liabilities section of the balance sheet?
a. |
$46,800 |
|
b. |
$24,550 |
|
c. |
$55,000 |
|
d. |
$89,700 |
Current Liabilities = Accounts Payable 7,800 + Unearned revenue 16,750 = 7,800 + 16,750 = 24,550 Option B is the answer |
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Answer me which one should I select; A,b, c, d QUESTION 1 Saba Inc. shows the...
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