The Following Is a Partial List of Account Balances from the Books

question 36

Multiple Choice

The following is a partial list of account balances from the books of Ellsworth Enterprise at the end of 20B: Based solely upon these balances,what amount of current liabilities should appear on Ellsworth's 20B year-end statement of financial position?

• A)$3,900
• B)$4,300
• C)$4,800
• D)$5,400

---

Definitions:

Patterns

Regular and predictable forms, orders, or arrangements that can be observed in various contexts, such as behavior, nature, or mathematics.

Reflective Judgment

The process of reasoning through complex issues with uncertainty and synthesizing evidence and opinion to form a justified conclusion.

Critical Thinking

The analysis and evaluation of an issue in order to form a judgment.

Tacit Knowledge

The kind of knowledge that is difficult to transfer to another person by writing it down or verbalizing it.