Which of the Following May Be a Current Liability

Which of the following should not be included in the current liabilities section of the balance sheet. A long-term debt maturing currently which is to be paid with cash in a sinking fund b.

Liability Definition

Bonds due in three years.

. Which of the following items is a current liability. Bonds due in 3 years C. Bonds to be refunded when due in 8 months there being no doubt about the.

Deposits Received from Customers c. Bonds for which there is an adequate sinking fund properly classified as a long-term investment due in three months. Which of the following items is a current liabilitya Bonds for which there is an adequate sinking fund properly classified as a long-terminvestment due in three monthsb Bonds due in three yearsc Bonds for which there is an adequate appropriation of retained earnings due ineleven monthsd Bonds to be refunded when due in eight months there being no.

Current liability refers to a short term obligation that has to be fulfill within 12 months while non-current liability is a long-term obligation which is to be settle in more than a. If the amount collected is remitted to the state on or before the twentieth of the following month the retailer may keep 3 of the sales tax collected. Losses expected to be incurred within the next twelve months in excess of the companys insurance coverage.

None of these answers are correct. All of these 27. Pember Corporation started business in 2012 by issuing 200000 shares.

A long-term debt maturing currently which is to be retired with proceeds from a new debt issue c. Current Liabilities and Contingencies 32. Withheld Income Taxes b.

A long-term debt maturing currently which is to be converted into common stock d. Current Liabilities Trade Payables 450 Advance subscription Revenue 250 Wages Payable 150 Current portion of long term loan 100 Rent Payables 75 Other short term debts 200 Therefore the value is 450 250 150 100 75 200 1225. Bonds for which there is an adequate sinking fund properly classified as a long-term investment due in three months.

Which of the following is a current liability. Withheld Income Taxes b. All of these answers are correct.

Withheld Income Taxes Deposits Received from Customers Unearned Revenue All of these. Which of the following may be a current liability. Current liability if the creditor intends to call the debt within the year otherwise a long-term liability.

Which of the following items is a current liability. Require use of current assets or creation of other. They are the bills which are due to a 3rd party but not payable for instance wages payable.

Deposits Received from Customers c. Require use of current assets. Accounts payable are nothing but the money owed to the manufacturers.

Settlement is expected within the normal operating cycle or within 12 months after the reporting date. Which of the following items is a current liability. Click card to see definition.

On April 10 2017 Coronado remitted 199820 tax to the state tax division for March. Solution for Which of the following may be a current liability. Start your trial now.

An account which would be classified as a current liability is a. Below mentioned are the few examples of current liabilities. None of these answers are correct.

Which of the following is a current liability. Current liability if it is probable that creditor will call the debt within the year otherwise a long-term liability. The following items may be reported as either a current or long-term liability.

Require the distribution of cash. Which of the following may be a current liability. A Withheld Income Taxes B Deposits Received from Customers C Deferred Revenue D All of these answers are correct.

On December 15 2020 Novak declared a cash dividend of 350 per share to stockholders of record on December 31. Bonds for which there is an adequate sinking fund properly classified as a long-term investment due in 3 months B. Which of the following items is a current liability.

Novak Corporation is preparing its December 31 2020 balance sheet. The dividend is payable on January 15 2021. Bonds for which there is an adequate appropriation of retained earnings due in eleven months D.

Which of the following may be a current liability. Current liabilities are listed on the balance sheet and are paid from the revenue generated by the operating activities of a company. Bonds for which there is an adequate appropriation of retained earnings due in eleven months.

Weve got the study and writing resources you need for your. Novak has issued 1000000 shares of. Bonds for which there is an adequate appropriation of retained earnings due in eleven months.

A customer deposit is usually classified as a current liability since the company typically provides services or goods within one year of the deposit being made Deferred revenue is typically reported as a current liability on a companys balance sheet as prepayment terms are typically for 12 months or less. Where is debt callable by the creditor reported on the debtors financial statements. So it is a current liability.

Be paid within a year. Accrued Interest incorporates all interest that has been. Bonds due in three years.

Current liabilities are defined as obligations whose liquidation is reasonably expected to. Withheld Income Taxes b. Which of the following items is a current liability.

First week only 499. Prepaid expenses trademark and discount on issue of shares are assets. According to the formula the current liability for ABC will be.

Bonds for which there is an adequate sinking fund properly classified as a long-term investment due in three months. Bonds due in three. Examples of current liabilities include accounts payables.

Dividends payable in the form of a companys stock. Which of the following items is a current liability. Which of the following may be a current liability.

Outstanding salaries are short term obligations expected to be paid off during the short period of time. List of Current Liabilities Examples. Deposits Received from Customers c.

Bonds for which there is an adequate sinking fund properly classified as a long-term investment due in three months. Bonds for which there is an adequate sinking fund properly classified as a long-term investment due in three months.

Solved 29 Which Of The Following May Be A Current Chegg Com

Current Liabilities Balance Sheet Obligations Due Within 1 Year