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The balances of select accounts of McMurray,Inc.as of December 31,2018 are given below:
The Unearned Revenue is the amount of cash received for services to be rendered in January 2019.Interest Payable will be paid on February 5,2019.What are the total long-term liabilities shown on the balance sheet at December 31,2018?
Exempt
To be freed or excused from a particular requirement or obligation, often within legal, tax, or regulatory contexts.
Trademark Infringement
The unauthorized use of a trademark or service mark on or in connection with goods and/or services in a manner that is likely to cause confusion, deception, or mistake about the source of the goods and/or services.
Likelihood of Confusion
This refers to a standard used in trademark law to assess whether the similarity between two marks is likely to confuse consumers about the source of the products or services.
Trade Secret
A form of intellectual property comprising confidential information that provides a business with a competitive edge.
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