Multiple Choice
A firm has $260,000 in assets and $158,000 in stockholders' equity. It owes $55,000 from a long-term loan, and this is its only long-term liability. This firm has ____ in total current liabilities.
A) $55,000
B) $103,000
C) $47,000
D) $102,000
E) $213,000
Correct Answer:
Verified
Correct Answer:
Verified
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