Which of the items are normally classified as current liabilities for a company that has a oneyearoperating cycle? Portion of long-term note due in 10 months.
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Which of the items are normally classified as current liabilities for a company that has a oneyear
operating cycle? Portion of long-term note due in 10 months.
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- Which of the items are normally classified as current liabilities for a company that has a oneyearoperating cycle? Note payable due in 18 months.Which of the items are normally classified as current liabilities for a company that has a oneyearoperating cycle? Note payable maturing in 2 years.Which of the items are normally classified as current liabilities for a company that has a oneyearoperating cycle? Accounts payable due in 11 months.
- Accounting question: If you are doing a balance sheet with notes payable of 96,600. Assuming 13,600 of the note payable will be paid the following year. Where are how do you enter it. Long Term Liability?Current Liabilities Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? CL or LTL? 1. Portion of long-term note due in 12 months. 2. Note payable maturing in 2 years. 3. Note payable due in 18 months. 4. Note payable due in 11 months. -5. FICA taxes payable. .6. Salaries payable.Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms of the note show a maturity date of 36 months, and an annual interest rate of 8%. What is the accumulated interest entry if 9 months have passed since note establishment?
- Obligations payable within one year or one operating cycle, whichever is longer, are; Select one: a. Long-term Liabilities b. Short-term investments c. Long-term Note Payable d. Current LiabilitiesWhich of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. check all that apply Portion of long-term note due in 10 months. Note payable maturing in 2 years. Note payable due in 18 months. Accounts payable due in 11 months. FICA taxes payable. Salaries payable.If a company has a long-term loan that has only two yearsremaining until it matures, how is it reported on the balancesheet ( a ) this year and ( b ) next year?
- On July 1, Alaskan Adventures issues a $160,000, eight-month, 6% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjustment on December 31?Accounts payable, in general, is classified as current when and only: When it is expected to be settled within the operating cycle or one year, whichever is longer When it is expected to be settled within the operating cycle. When it is expected to be settled within the operating cycle or one year, whichever is shorter. When it is expected to be settled within one year.An example of a current liability is a note payable that is due in 8 months. True False