Author Question: Which items would be classified as long-term debt? a. Accounts payable, unearned revenue, pension ... (Read 129 times)

burchfield96 · **on:** Jul 6, 2018

Which items would be classified as long-term debt?

a. Accounts payable, unearned revenue, pension liabilities.
b. Common stock, retained earnings, bonds payable.
c. Mortgages, convertible debentures, bonds payable.
d. Deferred taxes, accrued expenses, treasury stock.

Question 2

At the end of the fiscal period, the Cash Short and Over account has a credit balance. This amount would be
a. included as part of Miscellaneous Income on the Income Statement.
b. included as part of Miscellaneous Expense on the Income Statement.
c. shown as a separate account on the Balance Sheet.
d. none of the answers listed.