The Following Items (In Thousands) Are Taken from the Financial

question 165

Multiple Choice

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 20114: What are total non-current liabilities at December 31, 20114?

• A) ¥0
• B) ¥210,000
• C) ¥264,000
• D) ¥270,000

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Definitions:

Credit Counseling

A service that provides assistance to individuals in managing their debt and improving their financial situation through budgeting and educational resources.

Bankruptcy Proceedings

The legal process by which individuals or entities unable to repay their debts can seek relief from some or all of their debts.

Discharged

Released from a contractual obligation or debt; in legal terms, often refers to being released from bankruptcy restrictions or obligations.

Secured Debt

Debt backed by collateral to reduce the risk of lending, such as a mortgage.