The long-term liability section of escovedo companyrsquos


The long-term liability section of Escovedo Company’s Balance Sheet includes the following accounts:

Notes Payable    $100,000

Mortgage Payable    250,000

Salaries and Wages Payable   75,000

Accumulated Depreciation   125,000

Total Long-Term Liabilities   $550,000

Escovedo Company is an established company and does not experience any financial difficulties or have any cash flow problems. Discuss at least two items that are questionable as long-term liabilities.

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Financial Management: The long-term liability section of escovedo companyrsquos
Reference No:- TGS01715719

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