Use the Information Below to Answer the Following Question

question 19

Multiple Choice

Use the information below to answer the following question.
Pinkerton Ltd uses a perpetual control system for its inventory. It had the following data for a recent period:

What was the balance of Pinkerton Ltd's accounts payable at the end of the period?

• A) $20 000
• B) $40 000
• C) $90 000
• D) $100 000

Identify methods used in psychological research and the interpretation of study results.

Recognize key factors in cognitive development, including metacognition, memory, and intelligence theory.

Understand the concept of Intelligence Quotient (IQ) and its calculation.

Understand the basic family structures, such as nuclear and extended families.

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Definitions:

Bonds Payable

A financial accounting term for the value of bonds that a company is obligated to pay back at some future point.

Preferred Stock

A class of stock with preferential rights over common stock.

Current Ratio

A financial metric that assesses a firm's capacity to meet its short-term liabilities, which are due within a year, by dividing its current assets by its current liabilities.

Financial Information

Data regarding the financial status or performance of an entity, including income statements, balance sheets, and cash flow statements.