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Prepare listing of alexander current and long-term liability

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Reference no: EM132754285

Classification of liabilities

As of December 31, of the current year, Alexander Company has prepared the following information regarding its liabilities and other obligations:

Legal counsel can make no reasonable estimate of the company's ultimate

liability at this time............................................................................... 525000

of $150000 per year........................................................................... 450000

an additional 18 months) ..................................................................... 90000

deferred indefinitely............................................................................. 260000

Instructions

Problem 1: Prepare one listing of Alexander's current and long-term liabilities as they should be presented in the company's December 31 balance sheet.

Reference no: EM132754285

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