The Following Financial Information Is from Bronco Company What Is the Amount of Current Liabilities?
A) $63,000

question 144

Multiple Choice

The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. $$\begin{array} { | l | r | } \hline \text { Retained Earnings } & \$ 52,000 \\\hline \text { Supplies } & 37,000 \\\hline \text { Equipment } & 72,000 \\\hline \text { Accounts Receivable } & 8,600 \\\hline \text { Unearned Revenue } & 6,000 \\\hline \text { Accounts Payable } & 15,000 \\\hline \text { Common Stock } & 25,000 \\\hline \text { Notes Payable (due in 18 months) } & 35,000 \\\hline \text { Interest Payable } & 7,000 \\\hline \text { Cash } & 22,400 \\\hline\end{array}$$ What is the amount of current liabilities?

• A) $63,000.
• B) $28,000.
• C) $45,600.
• D) $22,000.

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