Read the Information About Cargo Corporation

question 89

Essay

Read the information about Cargo Corporation.
Required:
Prepare the current liabilities section of the balance sheet for Cargo Corp.at December 31, 2015.You may omit the heading.If the amount of current liabilities were larger, what effect would this have on the current ratio?

---

Definitions:

Direct Approach

A method of communication where the main point or request is stated outright at the beginning, often used in business and professional writing.

Efficiency

The ability to accomplish a task or produce a desired outcome with the least waste of time and effort.

Bad News

Unfavorable information or updates that need to be communicated.

Direct Approach

A communication style that is straightforward and to the point, without circumvention or ambiguity.