Ben Company has the following data for the year just ended:
What were Ben Company's current liabilities?
A) $35,000.
B) $43,750.
C) $50,400.
D) $63,000.

Question

Ben Company has the following data for the year just ended: 
What were Ben Company's current liabilities?
A) $35,000. 
B) $43,750. 
C) $50,400. 
D) $63,000.

Quizplus · Accepted Answer

From the given data, we can calculate current liabilities as:
Current Liabilities = Accounts Payable + Accrued Expenses + Notes Payable
Current Liabilities = $10,000 + $18,750 + $15,000
Current Liabilities = $43,750

Ben Company Has the Following Data for the Year Just