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: 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

Question

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:  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

Quizplus · Accepted Answer

The Answer of 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:  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

Hawk CorpPrepared a Draft of Its 2014 Balance Sheet