User Account

All Pages

Determine the total long-term liabilities reported

Assignment Help Accounting Basics
Reference no: EM133085801

Question - The adjusted trial balance for Lifesaver Corp. at the end of the current year, 20X1, contained the following accounts.

5-year Bonds Payable 8% $3,000,000

Interest Payable 50,000

Premium on Bonds Payable 100,000

Notes Payable (3 months.) 40,000

Notes Payable (5 yr.) 165,000

Mortgage Payable ($15,000 due currently) 200,000

Salaries and Wages Payable 18,000

Income Taxes Payable (due 3/15 of 20X2) 25,000

Required - Determine the total long-term liabilities reported on the balance sheet?

Reference no: EM133085801

Questions Cloud

Calculate the budgeted payments for the month of June : All purchases are paid 25% in the month of purchase and 75% the following month. Calculate the budgeted payments for the month of June
Growth stage of the industry life cycle : 1) In the growth stage of the industry life cycle, why the barrier to entry is lower?
What would you get out of a leadership course : 1. What would you get out of a leadership course? 2. What you you mostly to like least about the course?
Identify three things that cause you stress : Identify three things that cause you stress and explain why each is a stressor. Then describe three strategies you use to manage your stress. Include examples i
Determine the total long-term liabilities reported : Mortgage Payable ($15,000 due currently) 200,000. Determine the total long-term liabilities reported on the balance sheet
Expected value of the accounting system : Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value.
Enhanced by optimization models : Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models
What is the carrying value of the bond at December : What is the carrying value of the bond at December 31, 20x1, after the first interest payment has been recorded
What is the carrying value of the bond at December : What is the carrying value of the bond at December 31, 20x1, after the first interest payment has been recorded

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd