题目
题目

BACC011 Quiz 2- Requires Respondus LockDown Browser

简答题

Here are some of the closing balances for a business. Calculate the current liabilities.  Accounts payable 35,600 Accounts receivable 10,400 Bank loan 1,200,000 Cash 18,028 Cost of sales 340,000 Equipment 38,752 Inventory 100,800 Prepaid expenses 6,405 Property and land 1,500,550 Salary expense 115,900 Salary payable 9,526 Sales revenue 546,780 Unearned revenue 2,384

查看解析

查看解析

标准答案
Please login to view
思路分析
To determine current liabilities, we first identify items that are expected to be settled within one year or the normal operating cycle. Next, we sum those amounts. - Accounts payable (35,600): This represents amounts owed to suppliers that are typically settled in the short term, so it is a current liability. - Accounts receivable (10,400): This is an asset, not a li......Login to view full explanation

登录即可查看完整答案

我们收录了全球超50000道考试原题与详细解析,现在登录,立即获得答案。

类似问题

On a balance sheet, which of the following is classified as a short-term liability?

Referring to the Balance Sheet printed in Step 22 of the Practical Exam, what is the amount shown for Total current liabilities?

Part 1When is a liability classified as​ current? Part 1 A. If the​ entity's operating cycle is less than one​ month, then the liability will be classified as current if it is due and payable within three years. B. A liability is classified as current if the obligation is liquidated through the use of a current asset or the creation of another current liability. C. A liability that is due and payable within one​ year, or operating cycle if longer than one​ year, from the balance sheet date is classified as current. D. The liability must be due and payable within five years from the balance sheet date.

The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherwise. Retained earnings $ 52,500 Supplies 37,500 Equipment 72,500 Accounts receivable 9,100 Deferred revenue 6,500 Accounts payable 17,000 Common stock 25,500 Notes payable (due in 18 months) 35,500 Interest payable 7,500 Cash 22,900 What is the amount of current liabilities?

更多留学生实用工具

加入我们，立即解锁 海量真题 与 独家解析，让复习快人一步！