Solved

The Balances of Select Accounts of McCarthy Company as of December

Question 50

Multiple Choice

The balances of select accounts of McCarthy Company as of December 31, 2016 are given below: The balances of select accounts of McCarthy Company as of December 31, 2016 are given below: The Unearned Revenue is the amount of cash received for services to be rendered in January 2017. Interest Payable will be paid on February 5, 2017. What are the total long-term liabilities shown on the balance sheet? A) $1,300 B) $5,000 C) $5,400 D) $21,000 The Unearned Revenue is the amount of cash received for services to be rendered in January 2017. Interest Payable will be paid on February 5, 2017. What are the total long-term liabilities shown on the balance sheet?


A) $1,300
B) $5,000
C) $5,400
D) $21,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q33: The process by which companies produce their

Q45: The following is the adjusted trial balance

Q46: The following is the adjusted trial balance

Q76: A current ratio that has increased from

Q91: Where does net income appear on a

Q92: Which of the following statements is true

Q108: Maywood Company has a current ratio of

Q120: A list of the accounts and their

Q203: All assets that will not be converted

Q205: In which of the columns of the