The Balances of Select Accounts of Janet,Inc The Unearned Revenue Is the Amount of Cash Received for Are

question 56

Multiple Choice

The balances of select accounts of Janet,Inc.as of December 31,2016 are given below: $$\begin{array} { | l | r | } \hline \text { Notes Payable-short-term } & \$ 1,200 \\\hline \text { Salaries Payable } & 6,000 \\\hline \text { Notes Payable-long-term } & 22,000 \\\hline \text { Accounts Payable } & 3,200 \\\hline \text { Unearned Revenue } & 1,000 \\\hline \text { Interest Payable } & 2,200 \\\hline\end{array}$$ The Unearned Revenue is the amount of cash received for services to be rendered in January,2017.The Interest Payable is due on February 15,2017.What are the total current liabilities shown on the balance sheet?

• A)$5,400
• B)$11,400
• C)$13,600
• D)$12,400

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Definitions:

Standard Error

A measure of the variability or dispersion of a sample statistic, indicating its precision as an estimate of the population parameter.

Sample Median

The middle value of a sample when the values are arranged in ascending or descending order, or the average of the two middle values if there is an even number of observations.

Resamples

The process of taking repeated samples from observed data, often used for bootstrapping or validating statistical models.

Bootstrap Confidence Interval

A method for estimating the confidence interval of a parameter by resampling with replacement from the data set and calculating the interval for each sample.