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Bramble Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability. 1. On
Bramble Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability. 1. On December 15, 2017, Bramble declared a cash dividend of $3.10 per share to stockholders of record on December 31. The dividend is payable on January 15, 2018. Bramble has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury mature in installments of $25,578,250 every September 30, beginning September 30, 2018 $30,613,000 of customer advances; advances of $27,824,000 should be recognized in income 2. At December 31, bonds payable of $102,313,000 are outstanding. The bonds pay 12% interest every September 30 and 3. At December 31, 2016, customer advances (Unearned Revenue) were $14,570,000. During 2017, Bramble collected Bramble Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability. 1. On December 15, 2017, Bramble declared a cash dividend of $3.10 per share to stockholders of record on December 31. The dividend is payable on January 15, 2018. Bramble has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury mature in installments of $25,578,250 every September 30, beginning September 30, 2018 $30,613,000 of customer advances; advances of $27,824,000 should be recognized in income 2. At December 31, bonds payable of $102,313,000 are outstanding. The bonds pay 12% interest every September 30 and 3. At December 31, 2016, customer advances (Unearned Revenue) were $14,570,000. During 2017, Bramble collected
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