31. At year-end, Rapid Airlines had negative net working capital of $(4,692) million and current assets of $8,996 million. The firm's current liabilities are: A) $4,692 million B) $4,304 million C) $10,472 million D) $13,688 million E) There is not enough information to calculate the amount 32. In its December 31 year-end financial statements, Davidson reported the following (in millions): Total Long-term Current Long-term Assets Liabilities Liabilities Liabilities Equity $4829 $ 2,290 $4,086 $6,376 $1,536 Al December 31, current assets amount to A) $3,083 million B $1.547 million C) $2.290 million D) $5.622 million E) None of these are correct 33. On December 31, Nate Inc reported the following in millions Current Current Long-term Assets Liabilities Liabilities Equity $2.594 $2,423 $3,167 $696 What amount did the company report as total assets A) 55.590 million B) 57.488 million C) 53 692 million D) 58.880 million E None of these are correct 114 75% 34. At the end of the current fiscal year, Nick's Greenhouse counted inventory and determined that inventones of 569,728 were on hand. The end of fiscal year the unadjusted inventory account balance is $78,000. Inventory at the start of the year was $79,904, Which of the following accounting adjustments should Nick's Greenhouse record? A) Balance Sheet Income Statement Earned Net Cash Asset Noncash Assets Liabilities + Contrib. Capital Revenues Expenses Capital Income -6.272 +6272 8272 Retained eaming 8212 invectory) (COGS B Balance Sheet Income Statement Earned Net Cash Noncash Assets Liabilities Contrib Capital Ravenues Expenses Capital inco -3904 *3.900 -3.904 inventory Retained emings COGS Balance Sheet Income Statement Nel Noncosh Assets Contrib Capital Liabilities Earned Capital Revenues ASS Expense ma 10.12 10.175 ICGOS De Nogadjument is required