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Match the term with its definition Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 25 Minutes, 59 Seconds Contingent Liability Current Maturies of Long Term Debt Gain Contingencies Loss Contingencies Choose ] [Choose ] The cost of an item that is given away in return for boxtops, certificates, coupons, labels, or wrappers. Short term debts that are expected to mature within one year after the balance sheet date that will NOT require the use of working capital during the next year. Should be recorded only if it is probable that a liability has been incurred and the amount can be reasonably estimated. Obligations whose liquidation is reasonably expected to require use of a current asset, or the creation of other current liabilities. A liability that depends on the occurrence of one or more future events to confirm an existing condition, situation, or set of circumstances. A promise mde by a seller to a buyer to make good on a decifiency of quantity, quality, or performance in a product. A written promise to pay a certain amount of money with interest. The claim or right to receive assets, or have a liability reduced, whose existence is uncertain but which may become valid eventually. Because of the conservatism constr The amount of a long term debt that is due within the next fisacl year. Cash collected for which the comany has not yet provided a good or a service for. Notes Payable Premiums Short Term Obligations Expected to be Refinanced Unearned Revenues Warranty Choose ] Choose Choose] Choose | Choose Current Liabilities Choose >

Match the term with its definition Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 25 Minutes, 59 Seconds Contingent Liability Current Maturies of Long Term Debt Gain Contingencies Loss Contingencies Choose ] [Choose ] The cost of an item that is given away in return for boxtops, certificates, coupons, labels, or wrappers. Short term debts that are expected to mature within one year after the balance sheet date that will NOT require the use of working capital during the next year. Should be recorded only if it is probable that a liability has been incurred and the amount can be reasonably estimated. Obligations whose liquidation is reasonably expected to require use of a current asset, or the creation of other current liabilities. A liability that depends on the occurrence of one or more future events to confirm an existing condition, situation, or set of circumstances. A promise mde by a seller to a buyer to make good on a decifiency of quantity, quality, or performance in a product. A written promise to pay a certain amount of money with interest. The claim or right to receive assets, or have a liability reduced, whose existence is uncertain but which may become valid eventually. Because of the conservatism constr The amount of a long term debt that is due within the next fisacl year. Cash collected for which the comany has not yet provided a good or a service for. Notes Payable Premiums Short Term Obligations Expected to be Refinanced Unearned Revenues Warranty Choose ] Choose Choose] Choose | Choose Current Liabilities Choose >

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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Match the term with its definition Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 25 Minutes, 59 Seconds Contingent Liability Current Maturies of Long Term Debt Gain Contingencies Loss Contingencies Choose ] [Choose ] The cost of an item that is given away in return for boxtops, certificates, coupons, labels, or wrappers. Short term debts that are expected to mature within one year after the balance sheet date that will NOT require the use of working capital during the next year. Should be recorded only if it is probable that a liability has been incurred and the amount can be reasonably estimated. Obligations whose liquidation is reasonably expected to require use of a current asset, or the creation of other current liabilities. A liability that depends on the occurrence of one or more future events to confirm an existing condition, situation, or set of circumstances. A promise mde by a seller to a buyer to make good on a decifiency of quantity, quality, or performance in a product. A written promise to pay a certain amount of money with interest. The claim or right to receive assets, or have a liability reduced, whose existence is uncertain but which may become valid eventually. Because of the conservatism constr The amount of a long term debt that is due within the next fisacl year. Cash collected for which the comany has not yet provided a good or a service for. Notes Payable Premiums Short Term Obligations Expected to be Refinanced Unearned Revenues Warranty Choose ] Choose Choose] Choose | Choose Current Liabilities Choose >
Transcribed Image Text:Match the term with its definition Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 25 Minutes, 59 Seconds Contingent Liability Current Maturies of Long Term Debt Gain Contingencies Loss Contingencies Choose ] [Choose ] The cost of an item that is given away in return for boxtops, certificates, coupons, labels, or wrappers. Short term debts that are expected to mature within one year after the balance sheet date that will NOT require the use of working capital during the next year. Should be recorded only if it is probable that a liability has been incurred and the amount can be reasonably estimated. Obligations whose liquidation is reasonably expected to require use of a current asset, or the creation of other current liabilities. A liability that depends on the occurrence of one or more future events to confirm an existing condition, situation, or set of circumstances. A promise mde by a seller to a buyer to make good on a decifiency of quantity, quality, or performance in a product. A written promise to pay a certain amount of money with interest. The claim or right to receive assets, or have a liability reduced, whose existence is uncertain but which may become valid eventually. Because of the conservatism constr The amount of a long term debt that is due within the next fisacl year. Cash collected for which the comany has not yet provided a good or a service for. Notes Payable Premiums Short Term Obligations Expected to be Refinanced Unearned Revenues Warranty Choose ] Choose Choose] Choose | Choose Current Liabilities Choose >
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