The Adjusted Trial Balance for Hamilton Corp The Total Long-Term Liabilities Reported on the Balance Sheet Are

question 187

Multiple Choice

The adjusted trial balance for Hamilton Corp. at the end of the current year, 2017, contained the following accounts. $\begin{array}{lr}\text { 5-year Bonds Payable } 8 \% & \$ 1,600,000 \\\text { Bond Interest Payable } & 50,000 \\\text { Premium on Bonds Payable } & 100,000 \\\text { Notes Payable (3 mo.) } & 40,000\\\text { Notes Payable (5 yr.) } & 165,000 \\\text { Mortgage Payable (\$15,000 due currently) } & 200,000 \\\text { Salaries and Wages Payable } & 18,000 \\\text { Taxes Pavable (due } 3 / 15 \text { of next yr) } & 25,000\end{array}$ The total long-term liabilities reported on the balance sheet are

• A)$1,965,000
• B)$1,950,000
• C)$2,065,000
• D)$2,050,000

---

Definitions:

Process Loss

The reduction in group performance or efficiency due to problems associated with coordination and motivation among members.

Poor Coordination

refers to the inefficient or ineffective organization and alignment of activities or tasks among individuals or groups, leading to suboptimal performance.

Best Group Member

Refers to the individual within a group who notably contributes towards achieving group objectives through superior performance, cooperation, and leadership.

Disjunctive

Pertaining to a situation or task requiring a solution, decision, or approach that does not follow from or is not determined by previously existing solutions, decisions, or approaches.