Eagle Co. prepared a draft of its 2011 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, 2011:

At which amount should Eagle's current liabilities be correctly reported in the December 31, 2011, balance sheet?
A) $230,000
B) $290,000
C) $296,000
D) $302,000

Question

Eagle Co. prepared a draft of its 2011 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, 2011:

At which amount should Eagle's current liabilities be correctly reported in the December 31, 2011, balance sheet?

At which amount should Eagle's current liabilities be correctly reported in the December 31, 2011, balance sheet?
A) $230,000 
B) $290,000 
C) $296,000 
D) $302,000

Quizplus · Accepted Answer

The Answer of Eagle Co. prepared a draft of its 2011 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, 2011:

At which amount should Eagle's current liabilities be correctly reported in the December 31, 2011, balance sheet?
A) $230,000 
B) $290,000 
C) $296,000 
D) $302,000

Eagle Co Prepared a Draft of Its 2011 Balance Sheet