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

Q8: The Depreciation Expense account is a temporary

Q27: Which of the following is the most

Q53: The following is the adjusted trial balance

Q91: Where does net income appear on a

Q104: Closing entries are journalized and posted _.<br>A)

Q119: The Office Supplies account is a temporary

Q147: A reversing entry is _.<br>A) a journal

Q153: An increase in the current ratio implies

Q188: Which of the following adjusted balances would

Q205: In which of the columns of the