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QUESTION 7 Consider the following information: Accounts payable: $23,000 Accumulated depreciation: $312,000 Cash: $50,000 Gross fixed assets: $1,280,000 Short-term notes payable: $10,500 Other current assets:

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QUESTION 7 Consider the following information: Accounts payable: $23,000 Accumulated depreciation: $312,000 Cash: $50,000 Gross fixed assets: $1,280,000 Short-term notes payable: $10,500 Other current assets: $5,000 Common stock. $490,000 Retained earnings: $397 200 Long-term debt: $200,000 Other assets: $ 15 000 Inventories. $40.000 Accounts receivables. $42,700 Find the total current liabilities. 0 A $20.653 B. $29,625 c. $33. 500 D. $45,000 e. None of the above

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