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QUESTION 25 Entity D had the following information available: Accounts payable 110,000 Accounts receivable 80,000 Accumulated depreciation, buildings 40,000 Buildings 220,000 Cash 100,000 Common stock
QUESTION 25 Entity D had the following information available: Accounts payable 110,000 Accounts receivable 80,000 Accumulated depreciation, buildings 40,000 Buildings 220,000 Cash 100,000 Common stock 240,000 Inventory 140,000 Land (underneath buildings) 310,000 Mortgage payable (due 2031) 180,000 Prepaid insurance 60,000 Salaries payable 20,000 Trademarks 180,000 Retained earnings (ending) 500,000 On the classified balance sheet, what is the amount for total current liabilities? $380,000 $130,000 $310,000 $1,050,000
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