E5-8B(Current vs. Long-term Liabilities) Constantin Corporation is preparing its December 31, 2012, balance sheet. The following items may be…


E5-8B(Current vs. Long-term Liabilities) Constantin Corporation is preparing its December 31, 2012, counterpoise prevarication. The subjoined aces may be reputed as either a exoteric or long-term impost. 1. At December 31, bonds payable of $200,000,000 are ungathered. The bonds pay 12% attention integral September 30 and grown in installments of $50,000,000 integral September 30,initiation September 30, 2013. 2. On December 15, 2012, Constantin apparent a specie dividend of $5.00 per distribute to hoardholders of proceedings on December 31. The dividend is payable on January 15, 2013. Constantin has issued 1,000,000 distributes of spiritless hoard, of which 50,000 distributes are held in fund.3. Also on December 31, Constantin apparent a 10% hoard dividend to hoardholders of proceedings on January 15, 2013. The dividend get be reserved on January 31, 2013. Constantins spiritless hoard has a par esteem of $20 per distribute and a communicate esteem of $76 per distribute. 4. At December 31, 2011, customer advances were $24,000,000. During 2012, Constantin placid $60,000,000 of customer advances, and advances of $50,000,000 were earned. Instructions: For each ace aloft evince the dollar amounts to be reputed as a exoteric impost and as a long-term impost, if any.

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