1 - What is the rule that used to distinguish current and long- term liabilities? 2...
Homework Answers
Ans : 1 :
Long Term Liabilities are the Financial Obligations of the company that are due after a year or more.
Current Liabilities are usually settled with cash or other current assets within one year.
Hence, the rule used to distinguish Long Term Liabilities or Current Liabilities is the period of one year. Less than one year Current Liabilities, more than or equal to one year Long Term Liabilities.
Ans : 2 :
Examples of Intangible Assets are as follows :
- Goodwill
- Patents
- Copyright
- Trademark
- Logo
- Brand Equity
- Licences
- Rights, etc.
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1 - What is the rule that used to distinguish current and
long- term liabilities?
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1 - What is the rule that used to distinguish current and long- term liabilities? 2...
1 - What is the rule that used to distinguish current and long- term liabilities? 2 – Give 5 examples of intangible assets?
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1. What is the Long-Term Liabilities to Current Liabilities? 2. What is the Asset Turnover? 3....
1. What is the Long-Term
Liabilities to Current Liabilities?
2. What is the Asset Turnover?
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4. Even though net earnings increased, net equity decreased
because:
a. Inventories shrank.
b. The company made major purchases of its corporate stock.
c. The company paid down its long-term debt.
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need help on 2& 3 2. Discount on long-term bonds payable (the bonds mature in five...
need help on 2& 3
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ASSIGNMENT 7.1. USING RATIOS TO ASSESS CURRENT AND LONG-TERM LIABILITIES In FY 2010, the MLK Settlement...
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has current assets of $84,000, long-term assets of $160,000, current liabilities of $44,000, and long-term labilities...
has current assets of $84,000, long-term assets of $160,000, current liabilities of $44,000, and long-term labilities of $36,000. The current ratio is OA, 356 OB. 1.91 OC. 2.33 O D. 0.80 Click to select your answer
The current assets and current liabilities sections of the balance sheet of Sheffield Company appear as...
The current assets and current liabilities sections of the
balance sheet of Sheffield Company appear as follows.
The current assets and current liabilities sections of the balance sheet of Shetfield Company appear as fcllows. LD COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 Cash 43,100 Accounts payable 63,430 Accounts receivable $91,400 Nates payable Less: Allowance for doubtful accounts 9,290 3,110 155,030 9,460 5300,700 $126,940 Prepaid expenses The following errors in tha corporation's accounting have been discovered: 1. January 2018 cash disbursements...
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1. What is the Long-Term
Liabilities to Current Liabilities?
2. What is the Asset Turnover?
3. What are the Return on Assets?
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because:
a. Inventories shrank.
b. The company made major purchases of its corporate stock.
c. The company paid down its long-term debt.
d. income tax increased
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need help on 2& 3
2. Discount on long-term bonds payable (the bonds mature in five years). A. Long-term Investments B. Current Assets C. Intangible Assets D. Long-term Liabilities 3. Accumulated depreciation on machinery used in the company's operations. A. Property Plant & Equipment B. Long-term Investments C. Intangible Assets D. Expense
ASSIGNMENT 7.1. USING RATIOS TO ASSESS CURRENT AND LONG-TERM LIABILITIES In FY 2010, the MLK Settlement House has total assets of $1.2 million and current assets of $300,000. Its current liabilities are $200,000, and its long-term liabilities are $800,000. What ratios can be used with these data? What would the answers be? Given the fact that there is only one year's worth of data, what conclusions can you draw?
has current assets of $84,000, long-term assets of $160,000, current liabilities of $44,000, and long-term labilities of $36,000. The current ratio is OA, 356 OB. 1.91 OC. 2.33 O D. 0.80 Click to select your answer
The current assets and current liabilities sections of the
balance sheet of Sheffield Company appear as follows.
The current assets and current liabilities sections of the balance sheet of Shetfield Company appear as fcllows. LD COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 Cash 43,100 Accounts payable 63,430 Accounts receivable $91,400 Nates payable Less: Allowance for doubtful accounts 9,290 3,110 155,030 9,460 5300,700 $126,940 Prepaid expenses The following errors in tha corporation's accounting have been discovered: 1. January 2018 cash disbursements...
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