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Question - Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021:
Accounts payable $25,000
Bonds payable, due 2030 22,000
Salaries payable 16,000
Notes payable, due 2022 20,000
Notes payable, due 2026 40,000
Required - What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet?
Prepare the journal entries Porter recorded with respect to its investment in Porter for the year ended 12/31/11
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superstrut is considering replacing an old press that cost 80000 six years ago with a new one that would cost 245000.
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