The most recent comparative balance sheet of Giacomelli Corporation appears below: Ending Balance Assets: Current assets

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The Most Recent Comparative Balance Sheet Of Giacomelli Corporation Appears Below Ending Balance Assets Current Assets 1 (129.11 KiB) Viewed 21 times

The most recent comparative balance sheet of Giacomelli Corporation appears below: Ending Balance Assets: Current assets: Cash and cash equivalents... Accounts receivable. Inventory... Total current assets. Property, plant, and equipment.. Less accumulated depreciation.. Net property, plant, and equipment. Total assets... Liabilities and Stockholders' Equity Current liabilities: Accounts payable.... Accrued wages and salaries payable Accrued income taxes payable.. Notes payable. Total current liabilities. Long-term debt. Deferred income taxes Total liabilities.. Stockholders' equity: Common stock. Retained earnings Beginnin g Balance $ 37,000 20,000 70,000 127,000 424,000 399,000 231,000 200,000 193,000 199,000 $320,000 $320,000 $ 19,000 36,000 21,000 $ 29,000 24,000 68,000 121,000 $ 17,000 33,000 18,000 22,000 18,000 98,000 86,000 77,000 80,000 26,000 24,000 201,000 190,000 31,000 88,000 119,000 130,000 $320,000 $320,000 30,000 100,000 Total stockholders' equity.. Total liabilities and stockholders' equity... Which of the following classifications of changes in balance sheet accounts as sources and uses is correct? Select one: O a. The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a use O b. The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a use O c. The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a source Od. The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a source