Question: Explain answer please A B C D E F G H Exercise #4 Presented below are long-term liability items for Suarez Company at December 31,

Explain answer please A B C D E F G H Explain answer please

A B C D E F G H Exercise #4 Presented below are long-term liability items for Suarez Company at December 31, 2014 Prepare the long-term liabilities section of the balance sheet for Suarez Company. Bonds payable, due 2016 $500,000 Mortgage liability due in one year $45,000 560,000 total Notes payable, due 2019 80,000 Discount on bonds payable 42,000 2 3 5 26 27 28

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