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Cauce Corporation is preparing its year-end balance sheet. The company records show the following selected...

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Accounting

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Cauce Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: 1.a. What is the amount of current liabilities? 1.b. Compute working capital. 2. Would your computation be different ir the company reported $280,000 worth of contingent llabilites in the notes to its financial statements? What is the amount of current liabilities? Compute working capital. Would your computation be different if the company reported $310,000 worth of contingent liabilities in the notes to its financial statements

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