Question 2 part A and B

A. Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable	$25,200
Bond payable, due 2027	23,800
Salaries payable	17,000
Note payable, due 2019	21,300
Note payable, due 2023	41,800

What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?

Multiple Choice

• $105,300.

• $63,500.

• $66,000.

• $42,200.

B. The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.

Assets				Liabilities and Equity
Current assets:				Current liabilities:
Cash	$	76		Accounts payable	$	231
Accounts receivable (net)		183		Other liabilities		67
Notes receivable		67		Total current liabilities		298
Inventories		219		Long-term liabilities		104
Prepaid expenses		27		Total liabilities		402
Total current assets		572		Shareholders' equity:
Plant assets (net)		257		Capital stock		149
				Retained earnings		278
				Total shareholders' equity		427
Total assets	$	829		Total liabilities and equity	$	829

The acid-test ratio is (Round your answer to two decimal places.):

Multiple Choice

• 1.92.

• 1.09.

• 0.33.

• 1.42.