Young Industries has a 3-year bank loan of $85,000,a 6-month note payable of $6,000,a $67,300 mortgage,and accounts payable of $22,500.What is the amount of the total current liabilities? (Ignore the current portion of any long-term debt.)
A) $5,000
B) $16,200
C) $28,500
D) $64,200
E) $117,000
Correct Answer:
Verified
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