Roofer's Inc

Multiple Choice

Roofer's Inc.had an operating line of credit of $100,000 and overdrew its bank balance to result in a negative cash balance of $33,000 at year-end.This would be reported in the statement of financial position as

A) a current liability of $33,000.
B) a non-current liability of $67,000.
C) a current asset of $67,000.
D) a current asset of $(33,000) .