equired How much is the total current liabilities and non-current liabilities?
Q: three primary types of current liabilities. What are they?
A: The current liabilities are obligations that are meant to be paid by the company within one year.
Q: What are the two categories of liabilities reported on the balance sheet? Provide examples of each.
A:
Q: Explain Long-term liabilities?
A: The balance sheet of the business represents the financial position of the business with assets and…
Q: total liabilities
A: A liability is an obligation that required outflow of economic benefits inorder to settle the same…
Q: preparing a balance sheet, interest receivable goes under what heading?
A: Balance sheet:It is one of financial statement which shows the assets, liabilities and shareholders’…
Q: Describe the nature, valuation, and reporting of current liabilities.
A: Current liabilities: The debt obligation owed by a company to creditors and suppliers and is to be…
Q: Examples of Current liabilities includes accounts payable, accruals and other short-term liabilities…
A: Current Liabilities are the liabilities (payments) that the company has to pay within a year. These…
Q: What is the correct amount of ABC Company's total liabilities?
A: Answer:
Q: Current liabilities are _____.
A: Current liabilities: Current liabilities include liabilities with maturity less than a year…
Q: Liabilities are generally classified on a statement of financial position as a. present liabilities…
A: Liability means the amount which is to be paid to an outsider by business. It is the present…
Q: Difference between current and long term liabilities?
A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…
Q: Give an example of Current Asset, Current liabilities, Non Current Asset, Non Current Liabilities
A: 1. Current Assets : These are the assets which are convertible into cash within a Year Example: 1.…
Q: Current liabilities normally are recorded at their: Select one: O a. Expected value. O b. Present…
A: Current liabilities are the financial obligations of the company which are required to be settled…
Q: List of Current Liabilities
A: Current liabilities are those liabilities of an entity which are payable in one year or entity’s…
Q: Differentiate between Current liabilities, Non-Current Liabilities and Provisions. Provide an…
A: The liabilities are the amount payable by the business to the outsiders or creditors.
Q: Potential liabilities that depend on future events arising out of past events are calleda.…
A: Current liabilities: Current liabilities are the liabilities that are payable within a period of…
Q: On the balance sheet, liabilities are generally classified as a. current or long term b. legal or…
A: Current Liabilities Long term liabilities
Q: Liabilities are classified on the balance sheet as current or O a. unearned. O b. deferred. O c.…
A: Liability can be defined as the amount owed by the firm to external parties. It is a payable amount…
Q: Describe the obligations of long term liabilities.
A: Long-term liabilities: Long-term liabilities are obligations that the company needs to pay after at…
Q: the classified balance sheet will show which liability subsections? A. current liabilities and…
A: Current liability: Amounts which are payable with in one year will be treated as current…
Q: (a) What are total current assets? show working (b) What are total current liabilities? Show working
A: Current assets are those assets which can be converted into cash within a short period of time like…
Q: List of Non Current Liabilities
A: Non current liabilities are those obligations that are listed on the balance sheet and is not due…
Q: Define current liabilities.
A:
Q: What makes current liabilities different from long term liabilities?
A: Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: KD Calculation details (recommended): d. Calculate total non-current liabilities.
A: The equity and liabilities must be equal to total assets over the period of time and this is basic…
Q: What are the various types of long term liabilities? Name them.
A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…
Q: How are liabilities classified? Why is it important to classify liabilities?
A: A liability is a present obligation of the enterprise arising from past events, the settlement of…
Q: What guidance does the Codification provide on the classification of current liabilities?
A: Current liability is a liability which is to be paid in next 12 months
Q: Under which of the following categories would Accounts Receivable appear? A. long−term assets…
A: Current assets: Current assets are all those assets that are expected to be sold or used as a result…
Q: gent liab
A: Contingent Liability A contingent liability is an obligation that may arise as a result of the…
Q: Assets available for unsecured creditors after payments of liabilities with priority are calculated…
A: Liquidation is the process of selling all the assets of the business at their fair value and using…
Q: How to compute the ratio of liabilities to owner's equity
A: Ratio of Liabilities to Owner Equity is Also called Debt To equity ratio. Debt to equity ratio…
Q: - adjusted total current liabilities
A: Current liabilities are the obligations repayable within a year. It is a part of liabilities' side…
Q: Give a numerical example of: Current liabilities. Long-term liabilities
A: Introduction: Current liability: These also called as short term liabilities. Liabilities which are…
Q: HOW DO YOU FIND NET CURRENT RECIEVABLES
A: The total amount of money owing to a corporation by its clients minus the money owing that will most…
Q: Define Liabilities and Equity
A: its assets, debts, equity (equity) equity, short- and long-term loans, and other related items A…
Q: On the balance sheet, liabilities are generally classified as O legal or nonlegal. probable or…
A: The balance sheet shows the financial position of the business. It consists of liabilities and…
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- E10-3A Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31: Lender Date of Note Principal Interest Rate Term Maple 11/21 $18,000 11% 120 day Wyman 12/13 14,000 8 90 days Nahn 12/10 16,000 12 60 daysItem Prior year Current year Accounts payable 8,194.00 7,893.00 Accounts receivable 6,066.00 6,786.00 Accruals 977.00 1,572.00 Cash ??? ??? Common Stock 11,869.00 12,264.00 COGS 12,616.00 18,108.00 Current portion long-term debt 5,038.00 5,064.00 Depreciation expense 2,500 2,825.00 Interest expense 733 417 Inventories 4,145.00 4,778.00 Long-term debt 13,680.00 14,055.00 Net fixed assets 50,966.00 54,551.00 Notes payable 4,331.00 9,956.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,104.00 29,983.00 Sales 35,119 45,456.00 Taxes 2,084 2,775 What is the firm's net income in the current year? . .Item Prior year Current year Accounts payable 8,126.00 7,784.00 Accounts receivable 6,078.00 6,607.00 Accruals 994.00 1,452.00 Cash ??? ??? Common Stock 10,696.00 12,040.00 COGS 12,650.00 18,346.00 Current portion long-term debt 5,031.00 5,088.00 Depreciation expense 2,500 2,797.00 Interest expense 733 417 Inventories 4,240.00 4,781.00 Long-term debt 14,366.00 13,914.00 Net fixed assets 51,539.00 54,520.00 Notes payable 4,323.00 9,909.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,408.00 29,699.00 Sales 35,119 45,984.00 Taxes 2,084 2,775 What is the firm's cash flow from financing?
- Related data of John-j Company: Face amount P2,550,000 Nominal rate 12% Effective rate 14% Date of issue January 1, 2021 Annual payment every December 31 P850,000 (Principal and interest) Interest is payable annually December 31 The entity used 3 decimal places for the PVF. Bonds mature on January 1, 2023 Required: What is the present value of the bonds payable on January 1, 2021?j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Debit Credit Dec. 31 Interest Receivable v 1,850 X Interest Revenue v 2,250 XE8-5A Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: Date of Note Principal Interest Rate (%) Term Aug 5 $6,000 9 120 days May 10 $16,800 7 90 days October 20 $24,000 9 45 days July 6 $4,500 11 60 days September 15…
- Assuming a 360-day year, the interest charged by the bank, at the rate of 7%, on a 90-day, discounted note payable of $115,133 is a. $115,133 b. $8,059 c. $4,030 d. $2,015Question Related data of John-j Company: Face amount P2,550,000 Nominal rate 12% Effective rate 14% Date of issue January 1, 2021 Annual payment every December 31 P850,000 (Principal and interest) Interest is payable annually December 31 The entity used 3 decimal places for the PVF. Required: What is the present value of the bonds payable on January 1, 2021?E10-2A Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Date of Note Principal Interest Rate Term August 5 $15,000 9% 120 days May 10 8,400 7 90 days October 5 12,000 9 45 days July 6 4,500 10 60 days September 15…
- On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances:Accounts Debit CreditCash $ 58,700Accounts Receivable 25,000Allowance for Uncollectible Accounts $ 2,200Inventory 36,300Notes Receivable (5%, due in 2 years) 12,000Land 155,000Accounts Payable 14,800Common Stock 220,000Retained Earnings 50,000Totals $ 287,000 $ 287,000During January 2021, the following transactions occur:January 1 Purchase equipment for $19,500. The company estimates a residual value of $1,500…On July 8, Action Co. issued an $80,000, 6%, 90-day note payable to Scanlon Co. Assuming a 360-day year, what is the maturity value of the note? a.$84,800 b.$78,800 c.$80,000 d.$81,200Assuming a 360-day year, when a $11,918, 90-day, 10% interest-bearing note payable matures, total payment will be a.$13,110 b.$1,192 c.$298 d.$12,216