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The Following Financial Information Is from Bronco Company A)$63,000
B)$28,000

Question 127

Multiple Choice

The following financial information is from Bronco Company.All debt is due within one year unless stated otherwise.What is the amount of current liabilities?  Retained Earnings $52,000 Supplies 37,000 Equipment 72,000 Accounts Receivable 8,600 Deferred Revenue 6,000 Accounts Payable 15,000 Common Stock 25,000 Notes Payable (due in 18 months)  35,000 Interest Payable 7,000 Cash 22,400\begin{array} { | l | r | } \hline \text { Retained Earnings } & \$ 52,000 \\\hline \text { Supplies } & 37,000 \\\hline \text { Equipment } & 72,000 \\\hline \text { Accounts Receivable } & 8,600 \\\hline \text { Deferred Revenue } & 6,000 \\\hline \text { Accounts Payable } & 15,000 \\\hline \text { Common Stock } & 25,000 \\\hline \text { Notes Payable (due in } 18 \text { months) } & 35,000 \\\hline \text { Interest Payable } & 7,000 \\\hline \text { Cash } & 22,400 \\\hline\end{array}


A) $63,000.
B) $28,000.
C) $45,600.

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