Constable Co. reported the following information at December 31, Year 1:  Accounts Payable$4550? Accounts Receivable 9400? Cash 23,990? Common Stock 90,500? Equipment 50,000? Inventory 31,700? Notes Payable due December 31, Year 3 2550? Retained Earnings, December 31, Year 1 14,140? Wages Payable 3350? What is the amount of current liabilities on the classified balance sheet?

A. $7900
B. $10,450
C. $7100
D. $4550


Answer: A

Business

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