MCQs > Finance & Management > Accounts Payable > Using the following information, compute total liabilities. Notes Receivable $30,000, Accounts Payable $20,000, Wages Payable $8,000 and Rent Expenses $40,000.

Accounts Payable MCQs

Using the following information, compute total liabilities. Notes Receivable $30,000, Accounts Payable $20,000, Wages Payable $8,000 and Rent Expenses $40,000.

Answer

Correct Answer: $28,000

Explanation:

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