Answer:
$0
Explanation:
The computation of the long term liabilities is shown below:
As we know that the long term liabilities are the liabilities which are due for the next months
In the given question, there is a note payable which is due on June 30, 2021 and we have to find the long term liabilities for Dec 31,2020 so it is made only 6 months but we required 12 months So the note payable is treated as a current liabilities
So, the amount should be $0 in this case
Answer: Conformance to specifications.
Explanation:
Conformance to specifications is a standard set by a production company for their products, where each unit of product needs to reach at least the level of standard set before they can be put out for sale. Conformance to specifications is usually checked by the quality assurance/quality control manager of a company.