The Balances of Select Accounts of Sandra Company as at December

question 42

Multiple Choice

The balances of select accounts of Sandra Company as at December 31, 2015 are given below: The unearned revenue is the amount of cash received for services to be rendered in January, 2016. What are the total current liabilities shown on the balance sheet?

• A)$5,700
• B)$10,400
• C)$12,900
• D)$11,700

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Definitions:

Mathematical Average

The sum of a list of numbers divided by the count of numbers in the list, commonly referred to as the mean.

Median

The middle value in a data set when it is arranged in ascending or descending order, effectively dividing the data set in half.

Set Of Data

A collection of values or observations, that can be analyzed to find patterns and draw conclusions.

Mode

The number that has the highest frequency of occurrence in data.