The Balance Sheet Shows the Following Accounts and Amounts: Cash

question 49

Multiple Choice

The balance sheet shows the following accounts and amounts: Cash $13,000; Short-term Debt $21,000; Buildings and Equipment $420,000; Inventory, $44,000; Notes Payable $60,000; Accumulated Depreciation $110,000; Common Stock $80,000; Accounts Receivable $38,000; Retained Earnings $237,000; Accounts Payable $17,000.
Total liabilities on the balance sheet are:

• A)$77,000
• B)$98,000
• C)$178,000
• D)$208,000

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