1/Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable	$26,500
Bond payable, due 2027	24,000
Salaries payable	17,400
Note payable, due 2019	20,300
Note payable, due 2023	41,200

What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?

Multiple Choice

• $67,900.

• $105,400.

• $43,900.

2/ anson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts receivable	$12,600
Inventories	40,000
Patent	13,300
Investments	30,400
Prepaid insurance	7,200
Note receivable, due 2021	51,400

Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Jansons December 31, 2018, balance sheet?

Multiple Choice

• $ 86,600.

• $ 90,200.

• $ 138,000.

• $ 56,200.

3/ The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.

Assets				Liabilities and Equity
Current assets:				Current liabilities:
Cash	$	62		Accounts payable	$	224
Accounts receivable (net)		174		Other liabilities		61
Notes receivable		63		Total current liabilities		285
Inventories		209		Long-term liabilities		99
Prepaid expenses		32		Total liabilities		384
Total current assets		540		Shareholders' equity:
Plant assets (net)		268		Capital stock		141
				Retained earnings		283
				Total shareholders' equity		424
Total assets	$	808		Total liabilities and equity	$	808

The acid-test ratio is (Round your answer to two decimal places.):

Multiple Choice

• 1.41.

• 1.05.

• 1.89.

• 0.28.