How much harborcraft show current and non-current liability

Reference no: EM131972166

Problem

It's December 31, 2015, fiscal year-end, HarborCraft, Inc. had a note payable to Bank One in the amount of $800,000 due March 1, 2016. On February 15, 2016, the company sold $1,200,000 of 3% bonds at par, and used the proceeds to re-pay the Bank One note. Financial statements for the year ended December 31, 2015 are issued March 15, 2016.

In the December 31, 2015 financial statements, how much should HarborCraft show as current and non-current liability?

Reference no: EM131972166

Questions Cloud

Place the output on the same sheet as the data : Write hypothesis steps. Use Excel 1-way ANOVA test to find the test value and p-value. Place the output on the same sheet as the data.

What pretax amounts did s and l earnings : What pretax amounts did S&L include in its 2016 and 2017 earnings as a result of this investment?

Calculate the frequency one would expect : Calculate the frequency one would expect when surveying 400 people. Fill in the table below, rounding to two decimal places.

Determine the orientation of your solar system : Solar System Design: Discuss layout of your house and determine orientation of your solar system. Calculate daily Solar Irradiance Collectable for each month

How much harborcraft show current and non-current liability : In the December 31, 2015 financial statements, how much should HarborCraft show as current and non-current liability?

Test the claim that the proportion of people : Test the claim that the proportion of people who own cats is larger than 60% at the 0.05 significance level.

Characterize the leadership style of glen : Cumberland Lumber is a regional company and privately owned by members of the Simon. Characterize the leadership style of Glen and the culture of the company.

University center for logistics management : According to a University Center for Logistics Management, 7% of all merchandise sold in the United States gets returned.

Reject the null hypothesis that the coin toss : Suppose a coin toss turns up 12 heads out of 20 trials. At .05 significance level, can one reject the null hypothesis that the coin toss is fair?

User Account

All Pages