The adjusted trial balance for otam corp at the end of the

Assignment Help Accounting Basics
Reference no: EM13576804

The adjusted trial balance for Otam Corp. at the end of the current year, 2014, contained the following accounts.

5-year Bonds Payable 8% $1,500,000
Interest Payable 50,000
Premium on Bonds Payable 150,000
Notes Payable (3 mo.) 40,000
Notes Payable (5 yr.) 145,000
Mortgage Payable ($10,000 due currently) 300,000
Salaries and Wages Payable 18,000
Taxes Payable (due 3/15 of 2015) 25,000

The total long-term liabilities reported on the balance sheet are?

Reference no: EM13576804

Questions Cloud

This means that spending a longer amount of time in prison : suppose there is a correlation of 0.87 between the length of time a person is in prison and the amount of aggression
Debra does not elect immediate expensing under sect 179 she : debra acquired the following new assets during 2013dateassetcostapril 11office furniture40000july 28trucks40000november
Develop three- and four-month moving averages for this time : corporate triple a bond interest rates for 12 consecutive months are 9.5 9.3 9.4 9.6 9.8 9.7 9.8 10.5 9.9 9.7 9.6 and
On a particular day during the most recent golf tournament : question a pga professional golf association tournament organizer is attempting to determine whether hole pin placement
The adjusted trial balance for otam corp at the end of the : the adjusted trial balance for otam corp. at the end of the current year 2014 contained the following accounts.5-year
The capital project fund had just been created to account : the capital project fund had just been created to account for resources received and expended for the construction of a
It is found that on average each person who regularly : q1. a small town has a population of 20000 people. among these 1000 regularly visit a popular local bar. a sample of
Use the gasoline sales time series data from table to show : use the gasoline sales time series data from table to show the exponential smoothing forecasts using a 0.1. using the
Suppose that 65 of all adults regularly consume coffee what : suppose that 65 of all adults regularly consume coffee 50 regularly consume carbonated soda and 75 regularly consume

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hancock purchased a machine on july 1 2011 at a cost of

hancock corporation is in the process of preparing its financial statements for 2013. assume no entries for

  The bank account as a control device helps to protect cash

the bank account as a control device helps to protect cash. one of the requirements is to conduct periodic bank

  Wat securities must be classified within one of the three

what securities must be classified within one of the three categories of held-to-maturity available-for-sale and

  Compute basic and diluted earnings per share

Karen Company had 105,000 shares of common stock outstanding on January 1, 2011. On August 30, 2011, Karen sold 50,000 shares of common stock for cash. Karen also had 11,000 shares of convertible preferred stock outstanding throughout 2011.

  If 20000 is deposited in a savings account at the end of

if 20000 is deposited in a savings account at the end of each year and the account pays interest of 4 compounded

  Baden company is a diversified company which has developed

baden company is a diversified company which has developed the following information about its five segmentssegments a

  Explain the doctrine of substance over form

An acquaintance of yours is considering acquiring bonds as an investment. Your friend states "I will only invest in bonds that sell at a discount. I can't imagine why a person would pay more than maturity value for the bond. That appears to be pla..

  Determine whether to retain or replace equipment

The new machine will lower the annual variable manufacturing cost from $600,000 to $500,000. Prepare an analysis showing wheaher the old machine should be retained or replaced.

  Muhammed has available two means of settlement it can

assume that muhammed corporation has a contractual debt outstanding.muhammed has available two means of settlement it

  Stock price and tax advantage

The Carlton Corporation has $4 million in earnings after taxes and 1 million shares outstanding. The stock trades at a P/E ratio of 20. THE firm has $3 million in excess cash.

  How should the treasury stock be treated

What effect do subsidiary treasury stock holdings have at the time the subsidiary is acquired? How should the treasury stock be treated on consolidated work papers?

  Uma company production has variable overhead costs of 8 per

uma company production has variable overhead costs of 8 per direct labor hour and fixed overhead costs of 56000 per

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd