Question

An example of a current liability is An account due from a customer that is past due. Any loan payable to a bank A note payable in full in 18 months a loan secured by a mortgage and payable in 9 months

Answer 1

A) EXAMPLE OF CURRENT LIABILITY

:   A loan secured by a mortgage and payable in 9 months is current liability

As a mortgage loan payable is a liability account that contains the unpaid principal balance for a mortgage. The amount of this liability to be paid within the next 12 months is reported as a current liability

An account due from acustomer past due is recievable and it is an asset .Loan payable to bank are generaly non current liabilty as generaly bank loan are taken for more than one account period. Only loan payable with in 12 moths are current liability A note payable in more than 12 months is considerd as non current liability.

B) INCLUDED IN CURRENT LIABILTY

:- 2 and 3  

Any loan payable to bank with in 12 months are current liability, and payable to supplier next weak is current liability .

Amount due from the customer next month is account recievable and it current asset. Any loan payable to bank after more than 12 months non current liability

C)

SECONDARY MARKET

When a company publicly sells new stocks and bonds for the first time, it does so in the primary capital market. This market is also called the new issues marke

  The secondary market is where securities are traded after the company has sold its offering on the primary market. It is also referred to as the stock market. As in the case transaction is between invetors of share already in place. Therefore it is called secondary market