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Jay Oullette, CEO of Bumper to Bumper Inc., anticipates that his company's year-end balance sheet will show current assets of $12,855 and current liabilities of
Jay Oullette, CEO of Bumper to Bumper Inc., anticipates that his company's year-end balance sheet will show current assets of $12,855 and current liabilities of $7,550. Oullette has asked your advice concerning a possible early payment of $3,930 of accounts payable before year-end, even though payment isn't due until later.
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