8) Legal capital is a descriptive phrase for (2pts) stockholders' equity. e residual equity @ market value par value. 9) Which of the following is not considered a long-term obligation? (2pts) Contributed capital. 3 Deferred income taxes Capital lease Pension liabilities be of 12 10) On January 2, 20x5, Clair Inc. signed a 9% mortgage payable for $200,000 with equal monthly payments of $2,400. When Clair makes the first payment, how much interest expense will be recorded? SO $1,500 $18,000 $750 000