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Cauce Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: 1-a. What is

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Cauce Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: 1-a. What is the amount of current liabilities? 1-b. Compute working capital. 2. Would your computation be different if the company reported $260,000 worth of contingent liabilities in the notes to its financial statements

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