The Balance Sheet of Allhear, a Communications Firm, for the Year

question 82

Multiple Choice

The balance sheet of Allhear, a communications firm, for the year ended December 31, 20x1, showed current assets of $20 million, current liabilities of $16 million, shareholders' equity of $17 million, and noncurrent assets of $29 million. Compute the amount of noncurrent liabilities on Allhear's balance sheet at the end of 20x1.

• A)$5 million
• B)$10 million
• C)$12 million
• D)$13 million
• E)$16 million

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