The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014: What are total current liabilities at December 31, 2014?
A) ¥54,000
B) ¥210,000
C) ¥264,000
D) ¥0

Question

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014:   What are total current liabilities at December 31, 2014?
A) ¥54,000 
B) ¥210,000 
C) ¥264,000 
D) ¥0

Quizplus · Accepted Answer

Total Current Liabilities = Accounts Payable + Short-term Debt + Current Portion of Long-term Debt 
= ¥60,000 + ¥144,000 + ¥60,000 
= ¥264,000

The Following Items (In Thousands) Are Taken from the Financial