The Following Information (In Thousands) Is for Zháng Office Supplies

question 16

Multiple Choice

The following information (in thousands) is for Zháng Office Supplies: Zháng Office Supplies
Statement of Financial Position
December 31, 2011
$\begin{array}{lrlr}\text { Trademark } &&& ¥ 70,000 & \text { Share Capital } & ¥ 120,000 \\\text { Land } & &¥ 90,000 && \text { Retained } & 250,000\\\text { Building } & ¥ 100,000&&&\text { Earnings }&¥ 370,000\\\text { Less Accum. }\\\text { Depreciation } & (20,000) & 80,000 & 170,000\\\text { Land held for }&&&75,000 &\text { Accounts } & 60,000\\\text { investment }&&&&\text { Pavable }\\\text { Prepaid Insurance } &&& 30,000 &\text { Salaries } & 10,000 \\\text { Inventory } &&& 70,000 & \text { Mortage } & 90,000\\&&&&\text { Payable }\\\text { Accounts }&&&50,000\\\text { Receivable }\\\text { Cash }&&&65,000&&160,000\\\text { Total Assets }&&&¥530,000&\text { Total Equity }&¥530,000\\&&&&\text { and Liabilities }\\\end{array}$ The total dollar amount of liabilities to be classified as current liabilities is

• A) \(¥ 70,000\).
• B) \(¥ 60,000\).
• C) \(¥ 150,000\).
• D) \(¥ 160,000\).

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Definitions:

Simp

A slang term often used derogatorily to describe a person who shows excessive sympathy or attention towards another person, sometimes in pursuit of a romantic relationship, without receiving any affection in return.

Add

To combine one or more numbers or quantities to get a sum or total.

Inference Forms

Logical structures that guide the transition from premises to conclusions in reasoning.

MP

Member of Parliament, an individual elected to represent a geographic area in the parliament.