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lozanna [386]
3 years ago
11

Select the appropriate reporting method for each of the items listed below.

Business
1 answer:
Radda [10]3 years ago
6 0

Answer:

        Items                   ---             Reporting Method

1 . Accounts payable - Current liability

2 . Current portion of long-term debt - Current liability

3 . Sales tax collected from customers - Current liability

4 . Notes payable due next year - Current liability

5 . Notes payable due in two years - Long-­term liability

6 . Advance payments from customers - Current liability

7 . Commercial paper - Current liability

8 . Unused line of credit - Disclosure note only

9 . A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability  

10 . A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only

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Which one of the following statements concerning the balance sheet is correct? Total assets equal total liabilities minus total
Margarita [4]

Answer:  Assets are listed in descending order of liquidity

Explanation:

According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.

8 0
3 years ago
Berry, the seller, wants Paul, the broker, to change from a single agency relationship to a transaction broker. Paul agrees to d
Scorpion4ik [409]

Answer:

Before the listing agreement is signed.

Explanation:

A listing agreement is a contract between a property owner and a real estate broker asking the real estate broker to get a buyer for his or her property. The property owner implements the listing agreement so as to empower the real estate broker to act in the capacity of the agent to the owner in the course of trying to sell the property. Generally certain commission is paid to the real estate broker by the property owner.

8 0
3 years ago
Financial managers should strive to maximize the current value per share of the existing stock to:_____.
My name is Ann [436]

Financial managers should strive to maximize the current value per share of the existing stock to  represent the interests of the current shareholders.

<h3>What is the functions of the Financial managers?</h3>

Financial managers can be described as the type of managers that are  responsible for the financial health of an organization.

They help in the  creation of the  financial reports as well as  directing investment activities, and develop plans , hence Financial managers should strive to maximize the current value per share of the existing stock to  represent the interests of the current shareholders.

Learn more on Financial managers at:

brainly.com/question/1279044

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6 0
1 year ago
When the price of a bond is above the equilibrium price, there is excess ___ in the bond market and the price will ___.
Setler [38]
C. When price is too high, people are less willing to purchase the good, so demand is lower when price is higher. (Demand curve is always slopping downwards as a result). As the price is high, producers are more willing to sell their goods (I.e. bonds) which will give them more money per unit good being sold. This will result in Quantity Supplied (Qs) being greater than Quantity Demanded (Qd), and so, there is a surplus of bonds in the market. This will cause a downward pressure to apply on price, so that Qd = Qs eventually.

Hope this helps!
8 0
3 years ago
What do you understand by marketing mix​
k0ka [10]

Explanation:

When I think about the term marketing mix, I think about a set of tools that firms use to increase their profits such as price, product, promotion and place.

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3 years ago
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