Of the following, which usually would not be classified as a current liability? Multiple Choice A...
Of the following, which usually would not be classified as a current liability?
Multiple Choice
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A nine-month note to be paid with the proceeds from the sale of common stock.
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Bonds payable maturing within the coming year.
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Estimated warranty liability.
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Subscription revenue received in advance.
Homework Answers
A nine month note to be paid with the proceeds from the sale of common stock would not be classified as current liability because it is being repaid within a period of one year and doesn't be classified as Current liability whereas othe options classify as a current liability.
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Of the following, which usually would not be classified as a current liability? Multiple Choice A...
of the following, which typically would not be classified as a current liability? Multiple Choice o...
of the following, which typically would not be classified as a current liability? Multiple Choice o A six-month bank loan to be paid with the proceeds from the sale of common stock. . Rent revenue received in advance. 0 0 A long-term noté payable maturing within the coming year. 0 Estimated liability from cash rebate program Google Chrome
A liability due shortly will be classified as a current liability when it is to be...
A liability due shortly will be classified as a current liability when it is to be paid with cash from sale of equipment. with cash from a sinking fund. with cash from the collection of accounts receivable. with cash from issuance of bonds payable.
For Fielder Enterprises, indicate how each of the following usually should be classified. If an item...
For Fielder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial statements, select "Note to Financial Statement to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance Sheet" and If an item need not be reported at all, select 'Not to be Reported." Transactions Reported in Classification 1. Prepaid insurance. Stock owned in affiliated companies Unearned service revenue. Advances to...
For Fielder Enterprises, indicate how each of the following usually should be classified. If an item...
For Fielder Enterprises, indicate how each of the following
usually should be classified. If an item should appear in a note to
the financial statements, select “Note to Financial Statement” to
indicate this fact. If an item needs to be reported on the balance
sheet, select "Balance Sheet" and if an item need not be reported
at all, select “Not to be Reported.”
Need help with number #2-5, 16, 19
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Which of the following accounts could not be classified as a current liability? A.) notes payable...
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Multiple Choice Question 106 Which of the following accounts is classified as a contra revenue account? Sales R...
Multiple Choice Question 106 Which of the following accounts is classified as a contra revenue account? Sales Returns and Allowances Purchase Discounts Cost of Goods Sold Sales Revenue Multiple Choice Question 107 Sales revenues are usually considered earned when goods have been transferred from the seller to the buyer. adjusting entries are made. cash is received from credit sales. an order is received.
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c....
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c. Unearned revenues; D. Allowance for doubtful accounts. B. Which of the following is not a current liability? Discount on Bonds Payable due in 7 years; Wages Payable; Estimated Warranty Payable for items sold with a one year warranty: Out of court litigation settlement liability due to be paid next month. B. Page 2 of 6 Which of the following is not a payroll tax...
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A company regularly purchases materials from a manufacturer on credit. Payments for these purchases occur within...
A company regularly purchases materials from a manufacturer on credit. Payments for these purchases occur within the company’s operating cycle. They do not include interest and are established with an invoice outlining purchase details, credit terms, and shipping charges. Which current liability situation does this best describe? sales tax payable accounts payable unearned revenue income taxes payable A ski company takes out a $400,000 loan from a bank. The bank requires eight equal repayments of the loan principal, paid annually....
1.Long-term debt: Multiple Choice consists of monetary obligations that fall due beyond two years from the...
1.Long-term debt: Multiple Choice consists of monetary obligations that fall due beyond two years from the balance sheet date. when issued, is carried at an amount based on the proceeds received. usually has an effective yield that is much different than the cost of borrowing. never has any portion classified as a current liability. 2.Current liabilities are reported on the balance sheet at: Multiple Choice current market value. historical cost. discounted present value. future value. 3.The Additional Paid-In Capital account...
of the following, which typically would not be classified as a current liability? Multiple Choice o A six-month bank loan to be paid with the proceeds from the sale of common stock. . Rent revenue received in advance. 0 0 A long-term noté payable maturing within the coming year. 0 Estimated liability from cash rebate program Google Chrome
A liability due shortly will be classified as a current liability when it is to be paid with cash from sale of equipment. with cash from a sinking fund. with cash from the collection of accounts receivable. with cash from issuance of bonds payable.
For Fielder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial statements, select "Note to Financial Statement to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance Sheet" and If an item need not be reported at all, select 'Not to be Reported." Transactions Reported in Classification 1. Prepaid insurance. Stock owned in affiliated companies Unearned service revenue. Advances to...
For Fielder Enterprises, indicate how each of the following
usually should be classified. If an item should appear in a note to
the financial statements, select “Note to Financial Statement” to
indicate this fact. If an item needs to be reported on the balance
sheet, select "Balance Sheet" and if an item need not be reported
at all, select “Not to be Reported.”
Need help with number #2-5, 16, 19
1. Prepaid insurance. Balance Sheet Current Assets 2. Stock owned...
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