At the 31th of December, 2014. Liverpool. Co got long term loan of $1000,000 from TSB bank. if the annual interest rate is 12% and the installments are paid every six months (semi-annual) that is 75,000. At the 31/12/2014, this will result in: Select one: O a. Current liabilities of $ 30,900 and non-current liabilities of $969,100 Ob. Current liabilities of $ 34,719 and non-current liabilities of $934,381 O Current liabilities of $ 75,000 and non-current liabilities of $ 925,000 O d. None of the given choices O e. Current liabilities of $ 51,250 and non-current liabilities of $ 948,750

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At the 31th of December, 2014. Liverpool. Co got long term loan of $1000,000 from TSB bank. if the annual interest rate is 12%
and the installments are paid every six months (semi-annual) that is 75,000. At the 31/12/2014, this will result in:
Select one:
O a. Current liabilities of $ 30,900 and non-current liabilities of $969,100
O b. Current liabilities of $ 34,719 and non-current liabilities of $934,381
O . Current liabilities of $ 75,000 and non-current liabilities of $ 925,000
O d. None of the given choices
O e. Current liabilities of $ 51,250 and non-current liabilities of $ 948,750
Transcribed Image Text:At the 31th of December, 2014. Liverpool. Co got long term loan of $1000,000 from TSB bank. if the annual interest rate is 12% and the installments are paid every six months (semi-annual) that is 75,000. At the 31/12/2014, this will result in: Select one: O a. Current liabilities of $ 30,900 and non-current liabilities of $969,100 O b. Current liabilities of $ 34,719 and non-current liabilities of $934,381 O . Current liabilities of $ 75,000 and non-current liabilities of $ 925,000 O d. None of the given choices O e. Current liabilities of $ 51,250 and non-current liabilities of $ 948,750
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