Which of the following statements is FALSE? Payroll tax liabilities are considered long term liabilities on the balance sheet. FUTA and SUTA are employer payroll tax expenses Interest payable to the bondholders this year would be considered a current liability on the balance sheet. The currently maturing portion of long-term debt must be reported as a current liability on the balance sheet. Submit Chapter 12 + Unanswered 1 attempt left. Due on Apr 24 Little Greek issues a 500,000, 5 year, 8% bond on 1/1/19. Interest is paid quarterly, and the bond is issued when the market rate of interest is 12%. How do I solve for the issue price of the bond? 4 $40,000 (PV ann n = 20 1 = 3%) + $500,000 (PV ss n = 5 1 = 12%) $10,000 (PV ann n = 20 1 = 3%) + $500,000 (PV ss n = 5 1 = 12%) $15,000 (PV ann n = 20 1 = 2%) + $500,000 (PV ss n = 20 1 = 2%) $10,000 (PV ann n = 20 1 = 3%) + $500,000 (PV ss n = 20 1 = 3%) Submit