The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2020: Accounts payable ¥ 72,000 Accounts receivable 44,000 Advertising expense 80,000 Salaries and Wages Payable 12,000 Cash 60,000 Calculate the amount of total current liabilities: а. О b. 72,000 c. 84,000 d. 12,000

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2020: Accounts payable ¥ 72,000 Accounts receivable 44,000 Advertising expense 80,000 Salaries and Wages Payable 12,000 Cash 60,000 Calculate the amount of total current liabilities: а. О b. 72,000 c. 84,000 d. 12,000

Name: The following items (in thousands) are takenfrom the financial statem
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Description: The following items (in thousands) are takenfrom the financial statements of HuangCompany for the year ending December 31, 2020:Accountspayable¥ 72,000Accountsreceivable44,000Advertisingexpense80,000Salaries and Wages Payable12,000Cash60,000Calculat

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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