Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What is Long-term liabilities?
Long-term liabilities are debts such as a bonds payable and mortgage payable that aren't due for more than one year. Companies must show maturity dates in the balance sheet for all long-term liabilities. Usually the liabilities with the earliest due dates are listed first.
Notes payable with maturity dates as a minimum one year further than the balance sheet date are long-term liabilities.
Bonds payable are long-term liabilities and are confirmation by formal printed certificates sometimes secured by liens (claims) on property such as mortgages. Maturity dates must appear on the balance sheet for all major long-term liabilities. The deferred income taxes on The Home Depot's balance sheet consequence from a difference between income tax expense in the accounting records and the income tax payable on the company's tax return.
Carrying amounts of merchandise materials as well as supplies inventories are generally determined on a moving average cost basis and are stated at the lower of cost or market.
example of increase asset, decrease owner equity
Received $170,000 cash from Electronic Arts, Inc. for service revenue earned in January.
Q. What is Posting reference column? This column demonstrates the account number of the debited or credited account. For example in Exhibit 8 the number 100 in the first entry
Reliable information is essential before decision makers can make a sound decision involving the allocation of scarce resources. Accounting information is precious because decision
What is the end-of-period worksheet Show Trial Balance-debits MUST EQUAL credits Show Adjustments-debits MUST EQUAL credits Carry adjustments forward to Adjusted Trial Ba
Classified income statement It is more involved for a merchandising business to conclude net loss or net income. Income statement is categorized into sections: 1. Revenue
Part 1 (a) Name and describe the three concepts that form the basis of double entry bookkeeping, and explain how they form the basis of double entry bookkeeping. (b) How doe
WHERE DO I START? I have two questions QUESTION1 On March 31, 2010, our company, Harry Yolo, purchased a 100,000. 8% 10-year bond for 102 from Fish Gimp, due in 6 years & 8 months
discuss the features of unincoporated associations
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd