1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kkurt [141]
3 years ago
7

When a liability is first recorded, it is _____. reported as a current liability. reported as a long-term liability. measured in

terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. recorded only if it must be paid within the current operating cycle or one year, whichever is longer. recorded only if it must be paid within the current operating cycle or one year, whichever is shorter.
Business
1 answer:
bekas [8.4K]3 years ago
7 0

Answer:

measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.

Explanation:

According to my research on financial accounting terms, the term liability is defined as the state of being legally responsible for something (dept such as auto or student loans). When a liability is first recorded it is measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. Basically calculating the amount of future payments that need to be made by the dept owner.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

You might be interested in
Current Forecast is 2500 units, current 1st shift capacity is 1300 units. Market growth rate is 10%. How much capacity do you ne
Afina-wow [57]

Answer:

250 units

Explanation:

Calculation to determine How much capacity do you need to buy for next round

Using this formula

Next round capacity needed=Current Forecast*Market growth rate

Let plug in the formula

Next round capacity needed=2500 units*10%

Next round capacity needed=250 units

Therefore How much capacity do you need to buy for next round is 250 units

3 0
3 years ago
Ketchum & Lushene Hardware sells 100 hammers daily. The supplier takes two days
Softa [21]

Answer:

He should reorder when he is left with 200 hammers.

Explanation:

Reorder point is the trigger which informs the businessmen to order the inventory when the stock is used.

Reorder point =  Safety Stock + (Average daily usage of units * Average lead time in days )

Reorder Point = 0 + (100 hammers * 2 days)

Reorder Point = 200

8 0
2 years ago
A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site an
Olin [163]

Answer:

a) should install the solar cells

alternative 1, solar cells

initial investment $18,000

annual expenses $2,400 (5 years)

NPV =  $27,097.89

AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36

alternative 2, power line

initial investment $27,500

annual expenses $1,000 (5 years)

NPV =  $31,290.79

AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43

b) $23,307.10

3 0
2 years ago
The following items appear on the balance sheet of a company with a two-month operating cycle. Identify the proper classificatio
julsineya [31]

Answer:

Notes payable(due in 13 to 24 months)-L

Notes payable (due in 6 to 12 months)-C

Notes payable (mature in five years)-L

Current portion of long-term debt-C

Notes payable(due in 120 days) -C

FUTA taxes payable -C

Accounts receivable-N

Sales taxes payable-C

Salaries payable-C

Wages payable-C

Explanation:

A liability is a current one if it is due between today and the next one year(12 months),however any liability whose payment date is beyond one year is classified as long-term liability.

7 0
3 years ago
Marian wants to know exactly what her mortgage payments will be each month. Which type of mortgage would be her best choice?
AVprozaik [17]
Her better choice is going to be the second ond
8 0
3 years ago
Read 2 more answers
Other questions:
  • Smartphones, ipads, and other mobile devices used to watch videos are sometimes referred to as ______.
    7·2 answers
  • On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue $ 84,000 Postage exp
    5·1 answer
  • What has been the pattern of union membership in recent years?
    7·2 answers
  • Please help me !!! It’s very important
    10·2 answers
  • "A drink costs 2 dollars. A taco costs 3 dollars. Given the number of each, compute total cost and assign totalCost with the res
    12·1 answer
  • A prospective buyer who is represented by a broker signs a contract to purchase a property serviced by a septic system. The sell
    13·1 answer
  • Who is your best man to help you with girls<br>and why
    13·1 answer
  • Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter ov
    14·2 answers
  • 8. Problems and Applications Q8 Social Security benefits are increased each year in proportion to the increase in the CPI, even
    8·1 answer
  • Econo Nation started 2015 with no national budget debt or surplus. By the end of 2015, it had a budget surplus of $304 million;
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!