The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2018, contained the following accounts. 5-year Bonds Payable 8% $3,000,000Interest Payable 50,000Premium on Bonds Payable 100,000Notes Payable (3 months.) 40,000Notes Payable (5 yr.) 165,000Mortgage Payable ($15,000 due currently) 200,000Salaries and Wages Payable 18,000Income Taxes Payable (due 3/15 of 2019) 25,000The total long-term liabilities reported on the balance sheet area. $3,365,000. b. $3,350,000. c. $3,465,000. d. $3,450,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2018, contained the following accounts. 5-year Bonds Payable ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Taylor is the only girl on her baseball team. today she will be playing in the championship game and is worried that she will "choke" (not be able to play as well as she usually does) because she was told that girls always "choke" in the big games.
Answers (1)
Southern Home Cookin' just paid its annual dividend of $.65 a share. The stock has a market price of $26 and a beta of 0.8. The return on the U. S. Treasury bill is 4 percent and the market risk premium is 13 percent. What is the cost of equity?
Answers (1)
During the year you own Nike stock earn a dividend of 1.25 per share. You own 720 shares. How much did you earn in dividends? How did you arrive at your answer?
Answers (1)
On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $7,400, promising to pay cash for it in 60 days.
Answers (1)
On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions) : Total assets $14,329.5 Total stockholders' equity 5,890.7 Total current liabilities 4,546.
Answers (1)
New Questions in Business
The major benefit of diversification is the: a. increased expected return. b. removal of all negative risk assets from the portfolio. c. reduction in the portfolio's total risk. d. reduction in the portfolio's systematic risk.
Answers (1)
Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on
Answers (1)
Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.
Answers (1)
Explain what is meant by market research.
Answers (1)
Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.
Answers (1)