Multiple Choice
The balance sheet of Allhear, a communications firm, for the year ended December 31, 20x1, showed current assets of $20 million, current liabilities of $16 million, shareholders' equity of $17 million, and noncurrent assets of $29 million. Compute the amount of noncurrent liabilities on Allhear's balance sheet at the end of 20x1.
A) $5 million
B) $10 million
C) $12 million
D) $13 million
E) $16 million
Correct Answer:
Verified
Correct Answer:
Verified
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