Hawk Corp prepared a draft of its 2014 balance sheet. The draft statement reported current liabilities totaling $200,000 . However, none of the following items were included in this preliminary total at December 31 . 2014: Accounts payable ........................................ $30,000 Bonds payable, due 2015 ................................. 50,000 Discount on bonds payable, due 2015
..................... 6,000 Dividends payable on January 31 . 2015 ................... 16,000 Notes payable, due 2016 ................................. 40,000 At which amount should Hawk's current liabilities be correctly reported in the December 31 . 2014, balance sheet?
a. $230,000
b. $290,000
c. $296,000
d. $302,000
B
You might also like to view...
Which of the following statements regarding Check 21 is false?
a. It allows banks to exchange checks electronically. b. Before this system, paper checks were flown around the country from bank-to-bank to complete the check-clearing process. c. It requires that banks exchange check images. d. It significantly reduced float.
Which research method offers the advantages of high response rates, great flexibility in dealing with respondents, and good control of questions?
A. In-person interviews D. Content analysis B. Focus groups E. Secondary analysis C. Panel study
In a credit refusal message, your main purpose is to tactfully say "no" since the recipient is a poor credit risk and not a potential customer
Indicate whether the statement is true or false
Noerr doctrine is guaranteed by the Bill of Rights
Indicate whether the statement is true or false