The following information pertains to Carson Corp. as of December 31, year 8: Dividends in arrears on cumulative preferred stock: $15,000 year 8 dividends on preferred stock, will be declared in January year 9: $20,000 year 8 dividends on common stock, will be declared in January year 9: $40,000 CEO bonus for year 8, will be paid in February year 9: $30,000 What amount should Carson report as current liabilities on its balance sheet at December 31, year 8?
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The following information pertains to Carson Corp. as of December 31, year 8: Dividends in arrears o...
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