5-year bonds payable 8 2000000 bond interest payable 50000, Ask an Expert

Accounting

The adjusted trial balance for Livingstone Corp. at the end of December 2013, contained the following accounts. 5-year Bonds Payable 8% $2,000,000 Bond Interest Payable 50,000 Premium on Bonds Payable 100,000 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 2014) 25,000 The total long-term liabilities reported on the balance sheet are:

a. $2,365,000.

b. $2,350,000.

c. $2,465,000.

d. $2,450,000.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M939622

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - june 30 you record the adjusting entry for the

Question - June 30 You record the adjusting entry for the depreciation on equipment for the month, which is estimated to be $5,640 per year. What is the book value of the equipment after the adjusting entry in the proble ...

Question - canberry corporation had net income of 116000

Question - Canberry Corporation had net income of $116,000, beginning total assets of $856,000 and ending total assets of $760,000. Calculate its return on total assets? 738% 15.3% 655% 14.4% 13.6%

Question - effective financial reporting depends on sound

Question - Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity ...

Assignment on principles of income tax -question 1 -kristie

ASSIGNMENT ON PRINCIPLES OF INCOME TAX - QUESTION 1 - Kristie is 42 and decided to buy an investment property with the view to selling the land in the future to fund her retirement. She considered between buying an inner ...

Question develop a company and determine what it will

Question: Develop a company and determine what it will produce and sell. The requirement for this company is that it be a high-end, special-order type of manufactured product. Complete the following in a Word document of ...

Question - on 24th may 2018 the board of abx authorised the

Question - On 24th May 2018, the board of ABX authorised the incorporation of ALCORE, a wholly owned subsidiary to develop a production plant capable of producing 50,000 tonnes of aluminium fluoride per annum? How will t ...

Question - richard starts his own business in 2016 with

Question - Richard starts his own business in 2016 with $2,000 owner's capital. In 2016, he bought 10 textbooks at $1,000 and sold 5 of them at $600. There is no other transaction during 2016. What is the cost of goods s ...

Question - dan bought a hotel for 2600000 in january 2012

Question - Dan bought a hotel for $2,600,000 in January 2012. In May 2016, he died and left the hotel to Ed. While Dan owned the hotel, he deducted $289,000 of cost recovery. The fair market value in May 2016 was $2,800, ...

Question - pattys party planners had 1500 of supplies on

Question - Patty's Party Planners had $1,500 of supplies on hand on January 1 2017. During the year, they purchased $30,850 of supplies with cash. On December 31, 2017, they had $4,220 of supplies on hand. Patty's Party ...

Question - a company hasnet income of 750000an average of

Question - A company has: Net income of $ 750,000 An average of 690,000 shares of common stock outstanding $50,000 of 6% convertible bonds outstanding that are convertible into a total of 10,000 shares No other potential ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert