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Hawk CorpPrepared a Draft of Its 2014 Balance Sheet

Question 66

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Hawk Corp.prepared a draft of its 2014 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 31,2014: Hawk Corp.prepared a draft of its 2014 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 31,2014: At which amount should Hawk's current liabilities be correctly reported in the December 31,2014,balance sheet? A) $230,000 B) $290,000 C) $296,000 D) $302,000 At which amount should Hawk's current liabilities be correctly reported in the December 31,2014,balance sheet?


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

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