What Is the Value of Current Liabilities A)$ 30,000
B)$ 39,000
C)$ 42,000
D)$ 44,000

question 34

Multiple Choice

What is the value of current liabilities? $$\begin{array} { l l l r } \text { Cash } & \$ 50,000 & \text { Irventory } & \$ 9,000 \\\text { Sales } & \$ 30,000 & \text { Accounts Payble } & \$ 9,000 \\\text { Cost of Goods Sold } & \$ 8,000 & \text { Accourts Receivable } & \$ 18,000 \\\text { Prepaid Irsurance } & \$ 8,000 & \text { Insurance Expense } & \$ 9,000 \\& & \text { Long-Term Liabilities (due withirl one year) } & \$ 30,000\end{array}$$

• A)$ 30,000
• B)$ 39,000
• C)$ 42,000
• D)$ 44,000

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Definitions:

Packaging Machine

Equipment used in the final stages of production to encase or protect products for storage, sale, or shipment.

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how much the values differ from the mean.

Bottling Machine

A mechanical device or production line used for filling bottles with liquids, such as beverages, automatically or semi-automatically.

Normally Distributed

Describes a distribution of data that follows a bell curve, where most occurrences take place near the mean.