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4 years ago

Presented here are long-term liability items for Skysong, Inc. on December 31, 2017.

Business

1 answer:

seropon [69]4 years ago

7 0

Answer:

Skysong, Inc.

Balance Sheet (Partial)

As on December 31, 2017.

Liabilities

Long Term Liabilities

Bonds payable (due 2021) $920,000

Notes payable (due 2019) $84,000

Discount on bonds payable ($23,000)

Total Long Term Liabilities $981,000

Explanation:

Long term liabilities are all those liabilities that will be paid after one year's time. As Bond Payable is due in 2021 and needs to be paid after 4 years it is classified as long term liabilities. Note Payable is also due in 2019 and needs to be paid after 2 years it is also classified as long term liabilities.

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Answer:

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Suppose the interest rate on a 1-year T-bond is 5.0% and that on a 2-year T-bond is 7.0%. Assuming the pure expectations theory

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Answer:

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3 years ago

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1 year ago

On March 1, 2014, Rasheed Company assigns $800,000 of its accounts receivable to the Third National Bank as collateral for a $50

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Answer:

Explanation:

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