Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. this statement is because: long-term bonds decreas

This statement is because: long-term bonds decreased from $19,921 at the end of Year 1...

50.1K

Verified Solution

Question

Finance

This statement is because: long-term bonds decreased from $19,921 at the end of Year 1 to $18,750 by the end of Year 2. The accounts payable account remained $0 for both Years 1 and 2. O Accruals actually increased from $0 in Year 1 to $3,516 at the end of Year 2. Notes payable actually increased from $19,921 to $18,750 between Years 1 and 2.
true or false?
image
This statement is , because: long-term bonds decreased from $19,921 at the end of Year 1 to $18,750 by the end of Year 2. The accounts payable account remained $0 for both Years 1 and 2 . Accruals actually increased from $0 in Year 1 to $3,516 at the end of Year 2. Notes payable actually increased from $19,921 to $18,750 between Years 1 and 2

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students