S4-8. (Learning Objective 3: Distinguishing current assets from non-current assets) Wayne Enterprises has the following liabilities: Accounts

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S4-8. (Learning Objective 3: Distinguishing current assets from non-current assets) Wayne Enterprises has the following liabilities: Accounts payable $24,000, Accrued staff wages

$3,100, Accrued interest $2,600, Commission payable $2,800, Tax payable $6,000, Loan

$110,000 (half of which is due in the coming financial period).

What are Wayne’s total current liabilities and total non-current liabilities?

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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