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Reika [66]
3 years ago
13

Which of the following is a criterion for the classification of a liability as current? I. It is a debt that can be paid from ex

isting current assets. II. It is a debt that can be paid through the creation of other current liabilities. III. It must be paid within one year or the operating cycle, whichever is shorter.
Business
1 answer:
Lelechka [254]3 years ago
6 0

Answer:

It must be paid within one year or the operating cycle, whichever is shorter.

Explanation:

Current liabilities are short term obligations that a company needs to pay within the current financial year. Companies use current assets to offset their current liabilities. Examples of current liabilities include accounts payable, interest payable on outstanding loans, dividends payables, and long term debts maturing within the current financial year.

A business needs to monitor its levels of current liabilities to ensure it has sufficient current assets to pay them. There are situations where a company finds it necessary to obtain a loan to finance its current liabilities. The inability to pay current debts consistently may be indicative of more profound financial challenges within the organization.

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Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0
3 years ago
If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written
AlladinOne [14]

Answer: the correct  answer is a. includes a credit to Bad Debt Expense of $3,650.

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6 0
3 years ago
Judy served as director of marketing for a Florida homebuilder. She was terminated within an initial 90-day assessment review pe
algol13

Answer and Explanation:

a.

According to the United States law that governs whistle blower protection, the whistle blowers could be protected from expected retaliation that can be from a team or an individual for company violation in terms of laws, rules, etc

Also it protects the permanent employees and the workers who work on temporary basis that report the major mistakes

So here the Judy would be eligible for the whistleblower protection

b.

The factors that need to be considered are as follows;

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3. The action i.e. subduing due to which Jude become speechless in the exit interview

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6 0
3 years ago
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elena-s [515]

Answer: Yes, in light of the fact that the dumping practices pose a serious (and credible) threat, she does have a prima facie obligation to blow the whistle

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Helen has the right to blow the whistle because engineers in well protected society for whistle blowing can have legal and moral support if they disclose some irregularity and corruption in their industry. In denial of not making known the decadence in the industry exposes individuals who work there and the society at large to a risk. Safety is a primary factor in any industry and whatever isn't done well or in the right manner is a danger to everyone

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3 years ago
Under PPO, which of the following in-network specialists would a referral be required?
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Answer:

Explanation:You do not need a referral to see a specialist. However, some specialists will only see patients who are referred to them by a primary care doctor. And, some PPOs require that you get a prior approval for certain expensive services, such as MRIs.

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