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:

Lapsed

Refers to a policy or agreement that becomes invalid because it was not renewed or maintained as required.

Verbal Offer

A proposal made orally to enter into a contract or agreement, which can be legally binding if it meets certain criteria.

Invitation to Do Business

An expression of interest or a solicitation that is not legally binding, essentially a preparatory step to entering negotiations.

Lapsed

Refers to something that has expired or fallen out of use, often due to the passage of time or failure to renew.