Bevco Company Has Provided the Following Information from Its Accounting

question 164

Multiple Choice

Bevco Company has provided the following information from its accounting records for the current year:
$\begin{array}{lrlr}\text { Cash } & \$ 55,000 & \text { Accounts receivable } & \$ 45,000 \\\text { Inventory } & 65,000 & \text { Land } & 75,000 \\\text { Accounts payable } & 50,000 & \text { Notes payable (due 2021) } & 150,000 \\\text { Retained earnings } & ? & \text { Capital stock } & 20,000\end{array}$
-Read the information for Bevco Company.What are Bevco' current liabilities?

• A)$50,000
• B)$125,000
• C)$200,000
• D)$230,000

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Definitions:

Primary Circular Reactions

A term from Piaget's theory referring to the first habits and reflexes in infants, where they discover by chance and repeat actions centered on their own body.

Coordination

The organized and efficient interaction of different elements or body parts to perform a task or activity.

Symbolic

Pertaining to symbols or the use of symbols to represent ideas, concepts, or other things.

Substage 6

Typically refers to a phase within a developmental process or theory, which outlines specific milestones or characteristics unique to that stage.