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iVinArrow [24]
2 years ago
14

abc has a $5 million liability at december 31, 2018, of which $1 million is payable in each of the next five years. abc reports

the liability on the balance sheet as a:
Business
1 answer:
lisabon 2012 [21]2 years ago
8 0

abc  should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.

<h3>Liability</h3>

The liability will appear in the balance sheet as:

Current liability (Payable)= $1 million

Long term liability=$5 million-$1 million

Long term liability=$4 million

Therefore abc  should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.

Learn more about liability here:brainly.com/question/24534918

#SPJ11

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Which of the following tends to result in a decrease in the selling price of houses in an area? A. An increase in the population
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An increase in mortgage interest rates.- D.

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3 years ago
A corporation sold 1,000 shares of its $2.00 par value common stock for $10.00 per share and later repurchased 100 of those shar
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Option B. Treasury Stock for $1,200

Explanation:

The reason is that when 1,000 shares which has $2 par value and were issued at $10 per share, the journal entry was:

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But when 100 shares were repurchased at $12 per share, then the accounting treatment would be

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5 0
3 years ago
Firms face competing pressures in the marketplace–how to achieve lower costs through proven approaches to production, while look
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1. Pressures for local responsiveness may make it difficult to ______________________________.

 

monitor and adapt to changing customer tastes in a large number of foreign markets

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Localization strategy

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When a company's global business activities are coordinated via cooperation and interdependence between its head office, operational divisions, and internationally located subsidiaries or retail outlets, the entity tends to realize more competitive advantages than when it uses a single strategy.  This is why the transnational strategy is offering the best alternative for international businesses in the globalized economy.

7 0
3 years ago
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Petro Roos is thinking of purchasing the business premises rather than renting it. Provide Two separate advantages and two separ
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Answer:

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There are considerable advantages to securing a mortgage to buy business premises, including:

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The disadvantages of buying business premises include the following:

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Explanation:

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