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?

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