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

question 2

Multiple Choice

The following information (in thousands) is for Zháng Office Supplies:

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:

Finished Goods Inventories

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.

Work In Progress

Inventory that includes goods in the process of being manufactured but not yet completed.

Production Costs

Expenses directly incurred in the manufacturing of products, including materials, labor, and overhead costs.

Financial Statements

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, statement of cash flows, and statement of shareholders' equity.