Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts payable...
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Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts payable $25,000 22,000 Bonds payable, due 2030 Salaries payable 16,000 Notes payable, due 2022 20,000 Notes payable, due 2026 40,000 What amount should be included in the burrent liabilities section of Lanson's December 31, 2021, balance sheet? Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts payable $25,000 22,000 Bonds payable, due 2030 Salaries payable 16,000 Notes payable, due 2022 20,000 Notes payable, due 2026 40,000 What amount should be included in the burrent liabilities section of Lanson's December 31, 2021, balance sheet?
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Current liabilities generally are liabilities or the short term obligations of a company that ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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