Question

Bam Owl, Inc. reported the following data: Increase (Decrease) Amount 2017 2016 Percentage (in millions) Assets Current asset


Property, plant and equipment, net Other long - term assets Total assets Liabilities Current labilities: Accounts payable 195
1,400 3,800 (2,400) (1,200 23,700 (63.2)% (10.8)% 76.9% Other current lablities Total current liabilities Long - term notes p
0 0
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Answer #1

Option B is correct because net increase in total liability is 22500. Long term notes has increased by 23700 and total current liabilities have decreased by 1200 thus giving a net increase of 22500 in total liabilities

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