What Are Total Current Liabilities at December 31, 2011

question 156

Multiple Choice

What are total current liabilities at December 31, 2011?

• A)¥18,000
• B)¥70,000
• C)¥88,000
• D)¥0

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Definitions:

Income Statement

A financial report that shows a company's revenues, expenses, and profit over a particular period.

Retirement of a Bond

The repayment of the principal amount of a bond at or before its maturity date, effectively extinguishing the debt.

Other Comprehensive Income

Specified items that are reported separately from net income, including foreign currency items, pension liability adjustments, and unrealized gains and losses on investments.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business over a specific period, typically including balance sheets, income statements, and cash flow statements.