Question: Toto Company reports the following on its year end balance sheet
Toto Company reports the following on its year-end balance sheet: Long-term bonds payable, $4,500; Unamortized bond discount, $600; Accrued pension cost, $9,000; Mortgage payable, $5,000; and Fund to retire long-term bonds payable, $8,500. Prepare the long-term liabilities section of Toto Company’s year-end balance sheet.
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