What is the total amount of non-current liabilities

Assignment Help Accounting Basics

Reference no: EM131967385

Problem

The following is a complete list of accounts (in alphabetical order) taken from L.D. Corp. for the year ended December 31, 20X1.

Accounts Payable $12,600 Accounts Receivable $24,000 Accumulated Depreciation $36,000 Additional Paid In Capital $24,000 Bonds Payable (due in 30 years) $95,000 Building $350,000 Cash $5,700 Common Stock $84,000 Cost of Goods Sold $95,000 Depreciation Expense $23,500 Insurance Expense $7,300 Interest Expense $12,600 Inventory $6,200 Land $27,300 Notes Payable (2 years) $9,000 Notes Payable (6 months) $6,000 Retained Earnings (beginning of the year) $105,000 Salaries Expense $45,000 Sales Revenue $225,000

What is the total amount of Non-Current Liabilities to be reported on L.D. Corp.'s 12/31/X1 classified balance sheet?

Reference no: EM131967385

Questions Cloud

Risk requires an expected return of in the range : Assume cash flows are $0. You thinkn an ivnestmetn with this much risk requires an expected return of in the range of 12%-14% per year. What is the NPV?

What is the change to connors net profits : What is the minimum price he has to charge for the new donuts in order to make the same net profits as before?

Describe the basics of whole life-variable : Describe the basics of whole life, variable, universal life and term life policies. What are the advantages and disadvantages of policies with cash values.

What is the semi-annual payment on the bond : Consider a bond with a current market price of $1166.09, makes semiannual coupon interest payments, matures 15 years today and has 6.5% required rate of return.

What is the total amount of non-current liabilities : What is the total amount of Non-Current Liabilities to be reported on L.D. Corp.'s 12/31/X1 classified balance sheet?

Explain what steps you as the project manager would follow : Select two of these processes and explain what steps you as the project manager would follow to ensure both legal and ethical compliance.

Payout ratio stay constant for the next four years : Assume that ROE and payout ratio stay constant for the next four years. After that, competition forces ROE down to 11% and the company increases

What is the net present value of this investment opportunity : What is the net present value of this investment opportunity? Based on your answer to (a) above, should Simpson go ahead with the new conditioning shampoo?

How financial planning ensures a consistency : Explain how financial planning ensures a consistency between a firm's financial polies like capital structure, returning cash to shareholders

User Account

All Pages