Question 1 (1 point) Common examples of long-term liabilities include all of the following except: The long-term portion of obligations payable Taxes payable and current maturities of long-term obligations Lease liabilities of more than 1 year Mortgages payable and long-term notes payable Question 3 (1 point) Please use the table below to answer the following question: XYZ Company Adjusted Trial Balance December 31, 2018 Cash Accounts receivable Allowance for Doubtful Accts Inventory Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Long Term Note Payable Common Stock Retained Earnings Dividends Sales Cost of goods sold Repairs expense Salaries expense Depreciation expense Insurance expense Interest income Interest expense Income tax expense Total Dr. Cr. 65,000 28,000 7.000 12,500 60,000 12.750 23.000 6,000 35,000 38,000 21,000 10,000 130,000 52,000 6,500 25,000 3,000 4,500 1,250 4,000 3,500 274,000 274,000 Repairs expense Salaries expense Depreciation expense Insurance expense Interest income Interest expense Income tax expense Total 6,500 25,000 3,000 4,500 1,250 4,000 3,500 274,000 274,000 What is the amount of Total Liabilities? 29,000 64,000 84,000 113,000 Previous Page Next Page