Reporting liabilities on the balance sheet and computing, Finance Basics

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Reporting liabilities on the balance sheet and computing

Question: Reporting liabilities on the balance sheet and computing debt to equity ratio The accounting records of Path Leader Wireless include the following as of December 31, 2016:

Requirements: 1. Report these liabilities on the Path Leader Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.

2. Compute Path Leader Wireless's debt to equity ratio at December 31, 2016.

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