Question
Presented below are long-term liability items for Ivanhoe Company at December 31, 2020. Bonds payable, due 2022 $625,000Lease liability 80,000Notes payable, due 2025 90,000Discount on
Presented below are long-term liability items for Ivanhoe Company at December 31, 2020.
Bonds payable, due 2022
$625,000Lease liability
80,000Notes payable, due 2025
90,000Discount on bonds payable
34,375
Prepare the long-term liabilities section of the balance sheet for Ivanhoe Company.
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
