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.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 8RE
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![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
O c. $1,865,000.
O d. $1,850,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1680d3e7-b38a-4c0e-96f4-caebab5b053f%2Fbf857e1e-a2f7-489e-929b-48c1ca84cce3%2Fdfx76n9_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
O c. $1,865,000.
O d. $1,850,000.
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