Presented here are long-term liability items for Borders Inc. at December 31, 2012. Prepare the long-term liabilities
Question:
Bonds payable (due 2016) .......$700,000
Notes payable (due 2014) .........80,000
Discount on bonds payable .......28,000
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
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