Murphy Inc. has two new liabilities. The first liability is due in one year and has a face value of $1,500,000 and present value of $1,388,889. The second liability is due in three years and has a face value of $6,000,000 and a present value of 4,507,889. What is the increase in liabilities section of Murphy Inc.'s balance sheet due to these two new liabilities?

Answer rating: 100% (QA)

To calculate the increase in liabilities section of Murphy Incs balance sheet due to these t... View the full answer