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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339 تمرين 38
Reporting current and long-term liabilities
Medical Dispensary borrowed $390,000 on January 2, 2012, by issuing a 10% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2013.
Requirement
1. Insert the appropriate amounts to show how Medical Dispensary should report its current and long-term liabilities.
Medical Dispensary borrowed $390,000 on January 2, 2012, by issuing a 10% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2013.
Requirement
1. Insert the appropriate amounts to show how Medical Dispensary should report its current and long-term liabilities.
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This exercise requires application of th...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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