Homework Answers
11.c short term liability
Line of credit is renewed annually.so it is considered as Short term liability
12. B.Cashnflow of $190000
Bonds value after paying of interest effecting financial statement
(200000-10000)=190000
13: B
The market value of interest is more than stated rate of interest due to this bonds will sale at discount to attract customers and at the time of repayment bonds will redeemed at par value.
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