The Balances of Select Accounts of Janet Company as of December

question 15

Multiple Choice

The balances of select accounts of Janet Company as of December 31, 2016 are given below: The Unearned Revenue is the amount of cash received for services to be rendered in January, 2017. The Interest Payable is due on February 15, 2017. What are the total current liabilities shown on the balance sheet?

• A) $5,400
• B) $11,300
• C) $13,700
• D) $12,400

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Definitions:

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations, a national federation of labor unions in the United States.

Canadian Auto Workers Union

The Canadian Auto Workers Union (CAW) is a major trade union in Canada representing workers in the automotive industry, among others, advocating for fair wages, safer workplaces, and workers' rights.

Canadian Labour Congress (CLC)

A national trade union center, representing Canadian workers and their interests through collective bargaining and legislative advocacy.

Department of Labour

A government agency responsible for overseeing employment practices, working conditions, and labor relations.