A firm has $260,000 in assets and $158,000 in stockholders' equity. It owes $55,000 from a long-term loan, and this is its only long-term liability. This firm has ____ in total current liabilities.
A. $55,000
B. $103,000
C. $47,000
D. $102,000
E. $213,000
Answer: C
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false