Multiple Choice Question 95 On January 1, 2017, Sunland Company, a calendar-year company, issued $1008000 of notes payable, of which $252000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is O Current liabilities, $1008000. O Current liabilities, $252000; Long-term Debt, $756000. O Long-term debt, $1008000. O Current liabilities, $756000; Long-term Debt, $252000. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 186 Windsor, Inc. has $18000 of dividends in arrears. Based on this information, which of the following statements is false? O An obligation for dividends in arrears exists only after the board of directors declares payment. O Dividends in arrears are not considered to be liabilities. O The investment community looks favorably on companies with dividends in arrears, since the money is redirected toward more important growth opportunities. O The amount of dividends in arrears should be disclosed in the notes to the financial statements. Click if you would like to Show Work for this question: Open Show Work