题目
题目

MUF0021 Accounting Unit 1 - Semester 1, 2025 Quiz: The Balance Sheet

单项选择题

A present obligation of the entity as a result of past events that is expected to be settled within 12 months is known as a

查看解析

查看解析

标准答案
Please login to view
思路分析
The question describes a present obligation that arises from past events and is expected to be settled within 12 months. This aligns with the definition of a current liability, which are obligations a company expects to settle in the short term, typically within the operating cycle or one yea......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?

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

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.

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！