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Glover Corporation's trial balance for December 31, the end of its fiscal year, included the following accounts: Accounts Payable Dividends Payable Bond Payable, maturing in
Glover Corporation's trial balance for December 31, the end of its fiscal year, included the following accounts: Accounts Payable Dividends Payable Bond Payable, maturing in 9 years Salaries Payable Note Payable, due in 1 year Note payable, due in 5 years $37,000 18,000 36,000 7,000 40,000 60,000 The amount that should be classified as current liabilities on Glover's December 31 balance sheet is O A. $162,000 OB. $84,000 OC. $102,000 OD. $62,000 The following information is available for the past month for a retail store: Sales Markups Markdowns Purchases (at cost) Purchases (at retail) Beginning inventory (at cost) Beginning inventory (at retail) $81,000 $9,000 $9,000 $38,800 $107.000 $30,000 $46,121 What is the ending inventory at cost using the conventional retail method? O A. $162,121 O B. $72,121 O C. $72,000 OD. $30,608
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