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

question 159

Multiple Choice

The adjusted trial balance for Otam Corp. at the end of the current year 2017 contained the following accounts. $\begin{array}{lr}5 \text {-year Bonds Payable } 8 \% & \$ 1,500,000 \\\text { Interest Payable } & 50,000 \\\text { Premium on Bonds Payable } & 150,000 \\\text { Notes Payable (3 mo.) } & 40,000 \\\text { Notes Payable }(5 \mathrm{yr}) & 145,000 \\\text { Mortgage Payable }(\$ 10,000 \text { due currently) } & 300,000 \\\text { Salaries and Wages Payable } & 18,000 \\\text { Taxes Pavable (due } 3 / 15 \text { of } 2018) & 25,000\end{array}$ The total long-term liabilities reported on the balance sheet are

• A) $1945000.
• B) $1935000.
• C) $2095000.
• D) $2085000.

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Definitions:

Parenchyma

A type of plant tissue consisting of living cells that are often large and have various functions such as photosynthesis, storage, and secretion.

Collenchyma

A type of plant tissue that provides support, often found in areas of new growth, characterized by elongated cells with thickened cell walls.

Epidermis

The outermost layer of skin cells in animals or layer of cells in plants, serving as a protective barrier against environmental damage.

Endodermis

Internal plant root tissue forming a boundary between the cortex and the vascular cylinder.