The Following Items Are Taken from the Financial Statements of the Postal

question 125

Multiple Choice

The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015: What are total long-term liabilities at December 31, 2015?

• A)$0
• B)$70,000
• C)$88,000
• D)$90,000

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Definitions:

Pre-Tax Cost

Pre-Tax Cost refers to the expense or cost a company incurs before any taxes are deducted.

Debt-Equity Ratio

A financial ratio indicating the relative proportion of shareholder's equity and debt used to finance a company's assets.

Weighted Average

A mathematical calculation that takes into account the varying degrees of importance of the numbers in a data set, providing a measure that reflects the relative importance of each value.

Unlevered Cost

The cost of an investment or project without considering the effects of debt financing, focusing solely on equity-financed expenses.