emilyhen1494 emilyhen1494

20-03-2024
Business

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The adjusted trial balance for Lloyd Construction as of December 31, 2023, follows: An analysis of other information reveals that Lloyd Construction is required to make a $44,000 payment on the long-term debt. This payment will be recorded as a(n):

a) Expense.
b) Liability.
c) Asset.
d) Equity.

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