Presented here are long-term liability items for Stevens Inc. at December 31, 2022. Prepare the long-term liabilities
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Presented here are long-term liability items for Stevens Inc. at December 31, 2022. Prepare the long-term liabilities section of the balance sheet for Stevens Inc.
Bonds payable (due 2026)...............$700,000
Notes payable (due 2024)...................80,000
Discount on bonds payable................28,000
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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