Refer to the Following List of Liability Balances at December

question 58

Multiple Choice

Refer to the following list of liability balances at December 31, 2015. $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 13,000 \\\hline \text { Employee Health Insurance Payable } & 450 \\\hline \text { Employee Income Tax Payable } & 400 \\\hline \text { Estimated Warranty Payable } & 600 \\\hline \text { Long-Term Notes Payable(Due 2019) } & 33,000 \\\hline \text { FICA-OASDI Taxes Payable } & 560 \\\hline \text { Sales Tax Payable } & 370 \\\hline \text { Mortgage Payable(Due 2020) } & 6,000 \\\hline \text { Bonds Payable(Due 2021) } & 53,000 \\\hline \text { Current Portion of Long-Term Notes Payable } & 3,500 \\\hline\end{array}$$ What is the total amount of long-term liabilities?

• A) $39,000
• B) $92,000
• C) $86,000
• D) $33,000

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Definitions:

External Auditory Canal

The passage leading from the outer ear to the eardrum, transmitting sound waves to the eardrum.

Eardrum

A delicate film that divides the outer from the middle ear, moving in reaction to sound waves.

Sound Waves

Sonic oscillations transmitted through the air or other mediums, detectable upon reaching the ears of people or animals.

Carotid Canal

A passage in the temporal bone of the skull through which the internal carotid artery enters the cranial cavity to supply blood to the brain.