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Eagle Co Prepared a Draft of Its 2011 Balance Sheet

Question 26

Multiple Choice

Eagle Co. prepared a draft of its 2011 balance sheet. The draft statement reported current liabilities totaling $200,000. However, none of the following items were included in this preliminary total at December 31, 2011:
Eagle Co. prepared a draft of its 2011 balance sheet. The draft statement reported current liabilities totaling $200,000. However, none of the following items were included in this preliminary total at December 31, 2011: At which amount should Eagle's current liabilities be correctly reported in the December 31, 2011, balance sheet? A) $230,000 B) $290,000 C) $296,000 D) $302,000
At which amount should Eagle's current liabilities be correctly reported in the December 31, 2011, balance sheet?


A) $230,000
B) $290,000
C) $296,000
D) $302,000

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