L$010-1,$ L$010-5,$ L$010-6.$

LD$10-$B$,$ LO$10-10$

PROBL.EM $10\mathrm{.}8$

Financial statement

Presentation of Liabiilies

As of Doxmber $31$ of the curren yoar. Alexides Cumpury has prepared the following informatien regarding its liabilities and ocher obliguices.

Nates pyoble, of which $$27,000$ wil be repald with the nerst $12$ months.

$$150,000$ the nexi $12$ menths

$175\mathrm{.}000$

Lawsult pendino aganst Alesander; in which $$525,000$ estimase of the campanys ultmate inality at this$-1$me

$525,000$

$20-$yoar bond issue that manu os in twa yewes. The entire h$-$cant wil be repaid frem a bored sinkng fund.

$750,000$ sheet dote

$22,500$

Threeyear commitment to Fred Money as chiet $*$nancide olfcer at a sary of $$150,000$ peryear.

$450,000$ extension for an sdd fichal $18$ montrs$).$

$90,000$

Cash depasits from customers for qpods and senvices to

be rethered crer the raxt nre manihs.

$260,000$ and the remainder deferred lodetniely. $...$

$260,000$

Instructions

a$.$ Propare s listing of Alexande's current and long$-$lerm liabilitiss as they should be presented in the company's Dectriber $31$ byance sheer

h$.$ Briefly explain why you line excluded way of the listed items in your listing of current and long$-$lerm liahilities.