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Accounts receivable represent a on the firms balance sheet. Current liability Current asset Long-term liability Fixed asset Question 2 (2 points) Accrued wages is classified

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Accounts receivable represent a on the firms balance sheet. Current liability Current asset Long-term liability Fixed asset Question 2 (2 points) Accrued wages is classified as a on the firmos balance sheet. Current asset Fixed asset Current liability Long-term liability Stockholderes equity Question 3 (5 points) Fun Company has operating income of $300,000 and interest expense of $100,000. If it faces an average state-plus-federal tax rate of 40%, what is its net income? $80,000 $1200G MacBook Air 80 DOO 000 F4 II FS F7 FB F9 F10 $ % 1 &

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