Refer to the following list of liability balances at December 31,2015.
-What is the total amount of long-term liabilities?

Question

Refer to the following list of liability balances at December 31,2015.  
-What is the total amount of long-term liabilities?

Quizplus · Accepted Answer

To find the total amount of long-term liabilities, we need to add the balances for long-term debt and deferred tax liability. 
Long-term debt = $55,000 
Deferred tax liability = $37,000 
Total long-term liabilities = $55,000 + $37,000 = $92,000 
Therefore, the correct answer is B.

Refer to the Following List of Liability Balances at December