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The Adjusted Trial Balance for Lifesaver Corp The Total Non-Current Liabilities Reported on the Statement of Financial

Question 199

Multiple Choice

The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2014, contained the following accounts.  5-year Bonds Payable 8%$1,800,000 Interest Payable 50,000 Notes Payable (3 mo.)  40,000 Notes Payable (5 yr.)  165,000 Mortgage Payable ($15,000 due currently)  200,000 Salaries and Wages Payable 18,000 Taxes Payable (due 3/15 of 2015 )  25,000\begin{array}{lr}\text { 5-year Bonds Payable } 8 \% & \$ 1,800,000 \\\text { Interest Payable } & 50,000 \\\text { Notes Payable (3 mo.) } & 40,000\\\text { Notes Payable (5 yr.) } & 165,000 \\\text { Mortgage Payable (\$15,000 due currently) } & 200,000 \\\text { Salaries and Wages Payable } & 18,000 \\\text { Taxes Payable (due } 3 / 15 \text { of } 2015 \text { ) } & 25,000\end{array} The total non-current liabilities reported on the statement of financial position are


A) $2,065,000.
B) $2,050,000.
C) $2,165,000.
D) $2,150,000.

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