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Refer to the Following List of Liability Balances at December

question 47

Multiple Choice

Refer to the following list of liability balances at December 31,2015. Refer to the following list of liability balances at December 31,2015.    -What is the total amount of long-term liabilities? A) $39,000 B) $92,000 C) $86,000 D) $33,000
-What is the total amount of long-term liabilities?


Definitions:

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Investment

Assets or items acquired with the goal of generating income or appreciation in the future.

Annual Effective Rate

The interest rate that is adjusted for compounding over a given period, showing the real return on savings or cost of borrowing.

Nominal Rate

The interest rate or rate of return quoted on a loan or investment, not adjusted for inflation.

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