Below is a list of various balance sheet accounts and their balances. $$\begin{array} { | l | l | }
\hline \text { Loan payable - short term } & \$ 1000 \
\hline \text { Salaries payable } & 4000 \
\hline \text { Loan payable -long term } & 21,000 \
\hline \text { Accounts payable } & 3300 \
\hline \text { Unearned revenue } & 2000 \
\hline \text { Interest payable } & 2500 \
\hline
\end{array}$$ What are the total non-current liabilities that would be shown on the balance sheet?
A)$4000
B)$1000
C)$5300
D)$21,000

Question

Below is a list of various balance sheet accounts and their balances. $$\begin{array} { | l | l | } 
\hline \text { Loan payable - short term } & \$ 1000 \
\hline \text { Salaries payable } & 4000 \
\hline \text { Loan payable -long term } & 21,000 \
\hline \text { Accounts payable } & 3300 \
\hline \text { Unearned revenue } & 2000 \
\hline \text { Interest payable } & 2500 \
\hline
\end{array}$$ What are the total non-current liabilities that would be shown on the balance sheet?
A)$4000
B)$1000
C)$5300
D)$21,000

Quizplus · Accepted Answer

Non-current liabilities are obligations not due within the next year. The only non-current liability listed is the "Loan payable - long term" which is $21,000.

Below Is a List of Various Balance Sheet Accounts and Their