The Adjusted Trial Balance for Lifesaver Corp The Total Non-Current Liabilities Reported on the Statement of Financial

question 179

Multiple Choice

The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2014, contained the following accounts. $\begin{array}{lr}\text { 5-year Bonds Payable } 8 \% & \$ 1,800,000 \\\text { Interest Payable } & 50,000 \\\text { Notes Payable (3 mo.) } & 40,000\\\text { Notes Payable (5 yr.) } & 165,000 \\\text { Mortgage Payable (\$15,000 due currently) } & 200,000 \\\text { Salaries and Wages Payable } & 18,000 \\\text { Taxes Payable (due } 3 / 15 \text { of } 2015 \text { ) } & 25,000\end{array}$ The total non-current liabilities reported on the statement of financial position are

• A) $2,065,000.
• B) $2,050,000.
• C) $2,165,000.
• D) $2,150,000.

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Definitions:

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Information Technologies

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Cumbersome

Describing something as difficult to handle or use due to its size, weight, or complexity.