Which of the following would not be classified a long-term liability? O Mortgage payable O Bonds payable O Current maturities of long-term debt O Lease liabilities
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- The current portion of long-term debt should a.be reclassified as a current liability b.be paid immediately c.not be separated from the long-term portion of debt d.be classified as a long-term liabilityWhat are the criteria for classifying an item as a current liability? What are some examples of current liabilities? Why is it important to classify a portion of long-term debt on a yearly basis as a current liability? What is the implication of misclassifying a liability as current or long-term?Which of the following would most likely be classified as a current liability? a.mortgage payable b.bond payable c.two-year note payable d.unearned rent
- which of the followings is considered as long term liability :Select one .a mortgage payable .b current portion of long term liability .C bank overdraft .d unearned revenuesWhat distinguishes current liabilities from long-term liabilities?Which of the following is most likely to be classified and reported as current liability? a. Bond Payable b. Unearned Rent c. Mortgage Payable d. Two-year Note Payable e. None of the above.
- Why A debt security pays a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security?How is interest expense determined in a finance lease transaction? How does the approach compare to otherforms of debt (such as bonds payable or notes payable)?Difference between current and long term liabilities?
- Choose an example of non-current liability. O a. Interest payable O b. Bonds payable Oc. Wages payable O d. Accrued expenseWhat types of short-term credit are classified as accrued liabilities?Which of the following is most likely to be classified and reported as a current liability? a. Prepaid Expense b. Bond Payable c. Mortgage Payable d. Unearned Revenue O None of the above