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Question - The balances of select accounts of Elliott Company as of December? 31, 2024 are given? below:
Notes Payable-short-term $1,100
Salaries Payable 3,000
Notes Payable-long-term 22,000
Accounts Payable 3,300
Unearned Revenue 3,000
Interest Payable 2,300
The Unearned Revenue is the amount of cash received for services to be rendered in January 2025. The Interest Payable is due on February? 15, 2025. What are the total current liabilities shown on the balance sheet at December? 31, 2024?
a. 5600
b. 10,400
c. 11,600
d. 12,700
You will be paid in 26 equal annual installments beginning immediately. Describe what is the present value of the payments you will receive?
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