Question
Brief Exercise 15-08 Presented below are long-term liability items for Oriole Company at December 31, 2020. Bonds payable, due 2022$600,000Lease liability80,000Notes payable, due 202590,000Discount on
Brief Exercise 15-08
Presented below are long-term liability items for Oriole Company at December 31, 2020.
Bonds payable, due 2022$600,000Lease liability80,000Notes payable, due 202590,000Discount on bonds payable42,000
Prepare the long-term liabilities section of the balance sheet for Oriole Company.(Enter account name only and do not provide descriptive information.)
OrioleCompany
Balance Sheet (Partial)
For the Year Ended December 31, 2020
For the Month Ended December 31, 2020
December 31, 2020
Current Assets
Current Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Stockholders' Equity
$
Add
Less
:
$
Current Assets
Current Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Stockholders' Equity
$
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Corporate Financial Reporting And Analysis
Authors: S David Young, Jacob Cohen, Daniel A Bens
4th Edition
111949463X, 9781119494638
