Zeman Company Reports the Following Information on December 31,2014 What Are Total Liabilities at December 31,2014?
A) $91,000
B)

question 132

Multiple Choice

Zeman Company reports the following information on December 31,2014:
$$\begin{array} { l l } \text { Cash } & \$ 20,000 \\\text { Accounts receivable } & 112,000 \\\text { Accounts payable } & 91,000 \\\text { Accrued wages payable } & 6,000 \\\text { Unearned revenue } & 2,000 \\\text { Paid-in capital } & 59,000 \\\text { Retained earnings } & 80,000 \\\text { Inventory } & 30,000 \\\text { Prepaid rent } & 4,000 \\\text { Equipment (net) } & 12,000\end{array}$$
What are total liabilities at December 31,2014?

• A) $91,000
• B) $97,000
• C) $99,000
• D) $179,000

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Definitions:

Boiling Point

The temperature at which a liquid's vapor pressure equals the surrounding atmospheric pressure, causing it to turn into vapor.

Following

In the context of reactions, "following" generally refers to the sequence or order in which reactants undergo transformations in a chemical process.

Bond Dipole Moment

A measure of the inequality in the electron distribution between two atoms in a bond, leading to a polar molecule if present across the molecule.

Methanol

The simplest alcohol, with the formula CH3OH, used as a solvent, antifreeze, fuel, and as a precursor to other chemicals.