The adjusted trial balance for Zhang Corporation at the end of the current year contained the following

Question:

The adjusted trial balance for Zhang at the end of the current year contained the following accounts.
Bond Interest Payable ....... HK$ 9,000
Lease Liability .......... 89,500
Bonds Payable, due 2016 ........ 212,000

Instructions
Prepare the non-current liabilities section of the statement of financial position.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...