Examples of current liabilities include:
1. accounts payable
2. taxes
3. Interest payable
4. Accrued expenses.
Current liabilities are those expenses due within 12 months or less. All other liabilities are reported as long-term liabilities. For a business, they must have enough current assets (cash, sales) to cover current liabilities.
Answer:
they regulate the currency exchange market
Answer: both internally and externally
Explanation: In simple words, financial statements refers to the group of reports and statements that are prepared by an organisation for communication its financial performance and postilion to its internal and external stakeholders.
It constitutes balance sheet, cash flow statement and income statement etc.
Answer:
(A) loss of $1,225
Explanation:
Net book value is the value at which an organization or company records an asset in its balance sheet. Net book value is the original cost of an asset, without adding the depreciation, depletion, amortization, that has been accrued at the period oof the asset's useful life. So if an asset with a net book value of $1,225 was discarded, having no market value, the same amount ($1,225) will be the value recorded as a loss by the company's accountant.
