Solved

The Balances of Select Accounts of Sandra Inc

Question 62

Multiple Choice

The balances of select accounts of Sandra Inc.as of December 31,2015 are given below: The balances of select accounts of Sandra Inc.as of December 31,2015 are given below: The unearned revenue is the amount of cash received for services to be rendered in January,2016. -What are the total long-term liabilities shown on the balance sheet? A) $1,200 B) $4,000 C) $5,200 D) $25,000 The unearned revenue is the amount of cash received for services to be rendered in January,2016.
-What are the total long-term liabilities shown on the balance sheet?


A) $1,200
B) $4,000
C) $5,200
D) $25,000

Correct Answer:

verifed

Verified

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

Related Questions

Q5: Which of the following statements is true

Q14: Closing journal entries are posted:<br>A)throughout the accounting

Q57: The following is the adjusted trial balance

Q59: Which of the following accounts would appear

Q65: On December 31,2014,Axle Services Inc.prepared the following

Q67: Which of the following accounts would appear

Q82: Which of the following would be considered

Q86: Which of the following entries will be

Q121: Prepaid Rent is always classified as a

Q131: The current ratio measures a company's _.<br>A)overall