Refer to the Following List of Liability Balances at December

question 110

Multiple Choice

Refer to the following list of liability balances at December 31, 2015. What is the total amount of current liabilities?

• A)$18,880
• B)$15,380
• C)$14,980
• D)$14,380

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Definitions:

Tax on Beer

A specific tax imposed on the sale of beer, generating revenue for the government and sometimes used to discourage excessive consumption.

College Students

Individuals enrolled in an institution of higher learning to pursue a degree or certification.

Macroeconomics

The branch of economics that focuses on the behavior, performance, structure, and decision-making of an economy as a whole, rather than individual markets.

Large Aggregates

Broad categories or totals in economic data that combine several individual elements, such as national income, GDP, or total employment.