Question
Monty, Inc. reports the following liabilities (in thousands) on its January 31, 2020, balance sheet and notes to the financial statements. Accounts payable $3,200
Monty, Inc. reports the following liabilities (in thousands) on its January 31, 2020, balance sheet and notes to the financial statements. Accounts payable $3,200 Accrued pension liability 1,270 Property taxes payable 1,710 Bonds payable 1.970 Current portion of long-term debt 1.990 Income taxes payable 242 Notes payable-long-term 9.250 Operating leases 1,640 Mortgage payable 447 Federal income taxes payable 554 Salaries and wages payable 2,630 Unused operating line of credit 3,360 Warranty liability-current 1,620
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