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What is xyz corporation total current liabilities

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Reference no: EM132829417

The following information relates to XYZ Corporation for the year ended February 28, 2015.

Bank loan (long term)$101,000

Mortgage Payable (current term portion)$537,000

Income taxes payable$29,000

Bonuses payable (to be paid March 15, 2015)$36,500

Insurance premiums payable$11,000

Problem 1: What is XYZ Corporation's total current liabilities for the year ended February 28, 2015?

Option 1: $76,500

Option 2: $177,500

Option 3: $537,000

Option 4: $613,500

Option 5: $714,500

Reference no: EM132829417

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