Burke Company purchases land for $100,000 cash. Burke assumes $2,500 in delinquent property taxes due on the land as part of the
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Answer:
$48000
Explanation:
Given: Accounts payable $30,000;
Accrued liabilities payable $4,000;
Short-term notes payable $14,000.
Current Liability: It is a financial obligation of the company that need to be paid in a short period of time, within one year or within normal operating cycle.
Now, computing current liabilities from the given information.
Current liability=
⇒ Current liability=
∴ Current liability= $48000
Hence, Pioneer's total current liabilities is $48000.