Answer:
A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable by the creditor - Will be refinanced with stock.
Option A is the correct answer.
Explanation:
Generally, a short term liability is required to be paid by the company within a period of 1 year. Nevertheless, if the liability is callable the creditor, the company is not required to pay the liability within a year.
Thus, in this instance, a current liability can be detailed as a long term debt in the balance sheet.
Net income. The total amount of pay received is the gross income, while the net income is the remaining amount after taxes and deductions are removed.
Two primary forms you could use would be 1. Birth certificate and 2. Social security card.
Answer & Explanation:
<u>a.- Revenues: </u>Increase for 3.2 millions
It will be recognize for the entire order, as it was deliveried entirely within the accounting period.
<u>b.- Earnings: </u> Increase for 1.5 millions
The earnings for the business will be the net between the revenues and expenses.
3.2 revenues - 1.7 expenses = 1.5 earnings
<u>c.- Receivables: </u> Increase for 1.8 millions
It will increase for the unpaid portion ofthe order.
<u>d.- Inventory</u> Decrease for 1.7 millions
It will decrease for the entire cost of the order, as it was within this accounting period both, revenues and the expense related to it, will be recognize.
<u>e.- Cash:</u> Increase for 1.4 millions
It will increase for the amount received from the customer. As it was no payment from the business in the transaction.
Cash flows<em> from investing</em> activities contain the following things and include:
- Cash outflows from acquiring land
According to the given question, we are asked to state what the cash flow from investing activities contains based on the list of available choices.
As a result of this, we can see that cash flows which are gotten from investing activities includes the cash that has either been made or spent on a fixed asset like land or properties that are expected to generate profit in the future.
Therefore, the correct answer is Cash outflows from acquiring land
Read more cash flows here:
brainly.com/question/735261
