Diane Corporation is preparing its year-end balance sheet. The company records show the following selected...
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Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year $560,000 320,000 Total assets Total noncurrent assets Liabilities: Notes payable (84, due in 5 years) Accounts payable Income taxes payable Liability for withholding taxes Rent revenue collected in advance Bonds payable (due in 15 years) Wages payable Property taxes payable Note payable (184, due in 6 months) Interest payable Conmon stock 24,000 54,000 15,000 2,000 8,000 100,000 8,000 4,000 14,000 700 180,000 Required: 1-a. What is the amount of current liabilities? Current liabilities 1-b. Compute working capital
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