schooldays500 schooldays500

04-10-2018
Business

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Assuming you own a home, where would the amount for the mortgage owed to the bank go in a personal balance sheet? A. Within the equity total B. Under sub prime assets C. Under revenues D. Under liabilities

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Аноним Аноним

04-10-2018

The answer to your question is,

D. Under liabilities

-Mabel <3

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BenitoMarin BenitoMarin

21-11-2019

Answer:

The correct answer is letter "D": Under liabilities.

Explanation:

Interest that has accumulated since the last payment of a mortgage loan should be reported as a current liability. Principals payable within one year of the balance sheet date will be reported as an existing liability. The rest of the principal amount is reported as a long-term liability.

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