Presented below are long-term liability items for Ivanhoe Company at December 31, 2022. Bonds payable, due 2024
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Question:
Presented below are long-term liability items for Ivanhoe Company at December 31, 2022.
Bonds payable, due 2024 | $625,000 | |
Lease liability | 80,000 | |
Notes payable, due 2027 | 90,000 | |
Discount on bonds payable | 34,375 |
Prepare the long-term liabilities section of the balance sheet for Ivanhoe Company.
Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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