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Question - Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021:
Accounts payable $26,900
Bonds payable, due 2030 23,200
Salaries payable 16,800
Notes payable, due 2022 21,200
Notes payable, due 2026 40,800
What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet?
a. $66,900.
b. $43,700.
c. $105,700.
d. $64,900.
Discuss the interrelationship of the cash flow statement to the other financial statements. In your discussion comment and explain operating activities.
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