Madison Company has the following account balances: Cash $1,000; Accounts receivable $17,000; Inventory $8,000; Plant assets...

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Madison Company has the following account balances: Cash $1,000; Accounts receivable $17,000; Inventory $8,000; Plant assets $100,000; Land $80,000; Accumulated Depreciation ($50,000); Accounts' payable $12,000; Payroll taxes payable $3,000; Long-term notes payable $85,000. What are Madison's total current liabilities? O $15,000 O $100,000 O $14,000 O $12,000 Madison Company has the following account balances: Cash $1,000; Accounts receivable $17,000; Inventory $8,000; Plant assets $100,000; Land $80,000; Accumulated Depreciation ($50,000); Accounts' payable $12,000; Payroll taxes payable $3,000; Long-term notes payable $85,000. What are Madison's total current liabilities? O $15,000 O $100,000 O $14,000 O $12,000

Answer rating: 100% (QA)

Account s payable 12 000 Pay roll ta... View the full answer