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Question
Young Industries has a 3-year bank loan of $85,000, a 6-month note payable of $6,000, a $67,300 mortgage, and accounts payable of $22,500. What is the amount of the total current liabilities? (Ignore the current portion of any long-term debt.)A. $5,000
B. $16,200
C. $28,500
D. $64,200
E. $117,000
Answer
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