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Sphinxa [80]
3 years ago
5

Mill Co.'s trial balance included the following account balances at December 31, Year 6:

Business
1 answer:
o-na [289]3 years ago
4 0

Answer:

D) $45,000

Explanation:

The computation of the amount which is included in the current liability section is shown below:

= Account payable balance + bonds payable -  discount on bonds payable + dividend payable

= $15,000 + $25,000 -  $3,000 + $8,000

= $45,000

The current liability is that liability which is arise for one year. Since, the notes payable is a long term liabilities so we do not consider in the computation part.

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