Liabilities for the period


At the end of the current accounting period, account balances were as follows: Cash, $180,000; Accounts Receivable, $75,000; Common Stock, $20,000; Retained Earnings, $65,000. Liabilities for the period were:

A. $ 70,000.

B. $170,000.

C. $190,000.

D. $210,000.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Liabilities for the period
Reference No:- TGS048532

Expected delivery within 24 Hours