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Langston Corporation is preparing its year-end balance sheet. The dashboard below shows the following selected amounts at the end of the year: 1-a. What is

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Langston Corporation is preparing its year-end balance sheet. The dashboard below shows 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 disclosed $150,000 worth of contingent liabilities in the notes to its financial statements? Yes No Langston Corporation is preparing its year-end balance sheet. The dashboard below shows 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 disclosed $150,000 worth of contingent liabilities in the notes to its financial statements? Yes No

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