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The Balance in Stockwell Company's Accounts Payable Account on December

Question 85

Multiple Choice

The balance in Stockwell Company's accounts payable account on December 31, 2011, was $1,225,000 before the following information was considered:
The balance in Stockwell Company's accounts payable account on December 31, 2011, was $1,225,000 before the following information was considered:   What amount should Stockwell report as accounts payable in its December 31, 2011, balance sheet? A)  $1,330,000 B)  $1,285,000 C)  $1,270,000 D)  $1,225,000
What amount should Stockwell report as accounts payable in its December 31, 2011, balance sheet?


A) $1,330,000
B) $1,285,000
C) $1,270,000
D) $1,225,000

Correct Answer:

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