Question
Arya Limited has the following liabilities Accounts payable 10000 Accrued salary 3000 Tax payable 7000 Long-term note payable 8000 half of which is due in
Arya Limited has the following liabilities Accounts payable 10000 Accrued salary 3000 Tax payable 7000 Long-term note payable 8000 half of which is due in the coming financial period What are the amounts of current and noncurrent liabilities.
A. Current 24000 Noncurrent 4000
B. Current 20000 Noncurrent 8000
C. Current 17000 Noncurrent 11000
D. Current 14000 Noncurrent 14000
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The Correct option would be option A Current Liabilities 24000 NonCurrent Liability 40...Get Instant Access to Expert-Tailored Solutions
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
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