CALCULATOR F Question 15 Liabilities are generally classified on a balance sheet as small liabilities and large liabilities. current liabilities and long term liabilities present liabilities and future liabilities, tangible liabilities and intangible liabilities. CALCULATOR FULL SCREEN PRINTER VERSION BACK Question 16 The following information is for Buffalo Real Estate Buffalo Real Estate Balance Sheet December 31, 2020 # 25500 Accounts Payable 30000 Salaries and Wages Paysble 50700 Mortgage Payable 71200 Total Liabilities 86100 119000 $ 60000 15200 86100 Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets 161300 $100400 Owner's Capital (20200) 80200 372700 71300 $534000 Total Liabilities and Owner's Equity The total dollar amount of liabilities to be classified as current liabilities is $534000 $15200 $161300 $75200