The adjusted trial balance for Lifesaver Corp. at the end of the Current year, 2020, contained the following accounts. 5-year Bonds Payable 8% $1,600,000 Bond Interest Payable 50,000 Notes Payable (3 mo.) 40,000 Notes Payable (5 yr.) 165,000 Mortgage Payable ($15,000 due currently) 200,000 Salaries Payable 18,000 Taxes Payable (due 3/15 of 2021) 25,000 The total non-current liabilities reported on the statement of financial position are Select one: O a. 1,965,000. O b. $1,950,000 Oc. $1,865,000. O d. $1,850,000.

The adjusted trial balance for Lifesaver Corp. at the end of the Current year, 2020, contained the following accounts. 5-year Bonds Payable 8% $1,600,000 Bond Interest Payable 50,000 Notes Payable (3 mo.) 40,000 Notes Payable (5 yr.) 165,000 Mortgage Payable ($15,000 due currently) 200,000 Salaries Payable 18,000 Taxes Payable (due 3/15 of 2021) 25,000 The total non-current liabilities reported on the statement of financial position are Select one: O a. 1,965,000. O b. $1,950,000 Oc. $1,865,000. O d. $1,850,000.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 15MC: Naval Inc. issued $200,000 face value bonds at a discount and received $190,000. At the end of 2018,...

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