The adjusted trial balance for Beneteau Corporation at the end of the 2014 included the following accounts: $\begin{array}{lr}
\text { 5-year Bonds Payable 8\% } & € 4,120,000 \
\text { Interest Payable } & 240,000 \
\text { Notes Payable ( } 3 \text { mo.) } & 50,000 \
\text { Notes Payable (5 yr.) } & 1,650,000 \
\text { Mortgage Payable (€150,000 due currently) } & 2,000,000 \
\text { Salaries and Wages Payable } & 68,000 \
\text { Taxes Payable (due } 3 / 15 \text { of next yr) } & 85,000
\end{array}$ The total non-current liabilities reported on the statement of financial position at December 31, 2014 are

Question

Quizplus · Accepted Answer

Non-current liabilities include the 5-year Bonds Payable (€4,120,000), Notes Payable (5 yr.) (€1,650,000), and the portion of the Mortgage Payable not due currently (€2,000,000 - €150,000 = €1,850,000). Total = €4,120,000 + €1,650,000 + €1,850,000 = €7,620,000.

The Adjusted Trial Balance for Beneteau Corporation at the End