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    Intermediate Accounting Study Set 5
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    Exam 3: The Balance Sheet and Notes to the Financial Statements
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    Volta Electronics Inc
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Volta Electronics Inc

Question 55

Question 55

Multiple Choice

Volta Electronics Inc.reported the following items on its December 31,2014,trial balance: Volta Electronics Inc.reported the following items on its December 31,2014,trial balance:   The amount that should be recorded on Volta's balance sheet as total liabilities is A)  $696,000. B)  $700,500. C)  $703,500. D)  $741,000. The amount that should be recorded on Volta's balance sheet as total liabilities is


A) $696,000.
B) $700,500.
C) $703,500.
D) $741,000.

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