Below Is a List of Various Balance Sheet Accounts and Their

question 80

Multiple Choice

Below is a list of various balance sheet accounts and their balances. $$\begin{array} { | l | l | } \hline \text { Loan payable - short term } & \$ 1000 \\\hline \text { Salaries payable } & 4000 \\\hline \text { Loan payable -long term } & 21,000 \\\hline \text { Accounts payable } & 3300 \\\hline \text { Unearned revenue } & 2000 \\\hline \text { Interest payable } & 2500 \\\hline\end{array}$$ What are the total non-current liabilities that would be shown on the balance sheet?

• A)$4000
• B)$1000
• C)$5300
• D)$21,000

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Definitions:

Non-Cash Expenses

Expenses recorded on the income statement that do not involve an actual cash flow, such as depreciation and amortization.

Millions

A numeral representation indicating one thousand times one thousand, or 1,000,000.

Non-Cash Expenses

Expenses recorded on an income statement that do not involve a direct cash outflow, such as depreciation.

Millions

A numerical value or unit representing one million units of a currency or indicating a quantity of one million in number.