The balances of select accounts of McCarthy Company as of December 31, 2016 are given below:...
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The balances of select accounts of McCarthy Company as of December 31, 2016 are given below: 5,000 Salaries Payable Notes Payable-long- term Accounts Payable Rent Payable Interest Payable 21,000 3,400 2,000 2,500 The Unearned Revenue is the amount of cash received for services to be rendered in January 2017. Interest Payable will be paid on February 5. 2017. What are the total long-term liabilities shown on the balance sheet? A) $1,300 B) $5.400 C) $5,000 O D) $21.000 The balances of select accounts of McCarthy Company as of December 31, 2016 are given below: 5,000 Salaries Payable Notes Payable-long- term Accounts Payable Rent Payable Interest Payable 21,000 3,400 2,000 2,500 The Unearned Revenue is the amount of cash received for services to be rendered in January 2017. Interest Payable will be paid on February 5. 2017. What are the total long-term liabilities shown on the balance sheet? A) $1,300 B) $5.400 C) $5,000 O D) $21.000
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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