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Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year. $ 550,000 304,000
Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year. $ 550,000 304,000 Total assets Total noncurrent assets Liabilities Notes payable (8% due in 5 years) Accounts payable Income taxes payable Liability for withholding taxes Rent revenue collected in advance Bonds payable (due in 15 years) Wages payable Property taxes payable Note payable (10%, due in 5 months) Interest payable Common stock 22 000 53 000 11,000 4000 11.000 114.000 11.000 7 000 13.000 400 260.000 Required: 1-a. What is the amount of current liabilities? Current Tables 1-5. Compute working capital Working capital
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