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C Question 7 of 7 Corsig Corporation had the following comparative current assets and current liabilities Dec. 31, 2021 Dec. 31, 2020 Current assets
C Question 7 of 7 Corsig Corporation had the following comparative current assets and current liabilities Dec. 31, 2021 Dec. 31, 2020 Current assets Cash $25,000 $30,000 Debt investments 40,000 10.000 Accounts receivable 60,000 90,000 Inventory 110,000 90,000 Prepaid expenses 35.000 25,000 Total current assets $270,000 $245,000 Current liabilities Accounts payable $120,000 $110,000 Salaries and wages payable 40,000 30,000 Income tax payable 10.000 15.000 2/61 56794
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