E connect ACCOUNTING Ch. 13 Test 2. 10.00 points MC Qu. 45 LO 13-03 Lake Co. recelves nonrefundable advance payments with specla Lake Co, receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Related information for 2016 is as follows ($ in millions) stomer advances balance, Dec 31, 2015 Advances receved with 2016 orders 85 185 46 e to orders shipped in 2016 What amount should Lake report as a current lability for advances from customers in its Dec 31, 2016. balance sheet? O $0 miion. O $299 milion. 68 million. $114 million. Referonces Mutiple Choice MC Qu. 45 LO 13-03 Lake Co. receives n payments with special TOSHIBA esc 3 4 5