Hawk CorpPrepared a Draft of Its 2014 Balance Sheet

question 40

Multiple Choice

Hawk Corp.prepared a draft of its 2014 balance sheet.The draft statement reported current liabilities totaling $200,000.However,none of the following items were included in this preliminary total at December 31,2014:

At which amount should Hawk's current liabilities be correctly reported in the December 31,2014,balance sheet?

• A)$230,000
• B)$290,000
• C)$296,000
• D)$302,000

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Definitions:

Bronchial

Pertaining to the bronchi, the major air passages to the lungs, which can become inflamed or obstructed in respiratory diseases.

Vesicular

Pertaining to or characterized by small fluid-filled blisters or vesicles, often related to skin conditions or infections.

Large Lung Airways

The wider passages within the lungs through which air moves in and out, including trachea and bronchi, critical for respiration.

Comprehensive Eye Examination

A thorough assessment of vision and eye health, including tests for visual acuity, eye alignment, and eye diseases.