D104 CD

Western Governers University

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(WESTERN GOVERNORS UNIVERSITY) D104 CD INTERMEDIATE ACCOUNTING II UNIT 5 46 QS AND ANS 2025
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21

March 2025

2024/2025

A+
Practice Questions and Answers-46 Questions-Some Have Multiple Parts! Determine the nature, valuation, and reporting of current liabilities. 2. A company’s normal operating cycle is one year, and they have the following account balances taken from the trial balance: • Accounts payable: $50,000 • Accounts receivable: $25,000 • Notes payable (due in 30 months): $15,000 • Customer advances: $10,000 • Bonds payable (due in 60 months): $30,000 • Sales tax payable: $5,000 ...
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