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JulsSmile [24]
3 years ago
15

Which of the following is a condition necessary to exclude an obligation from current liabilities? Entry field with incorrect an

swer Subsequently refinance the obligation on a long-term basis. Intend to refinance the obligation on a long-term basis. Demonstrate the ability to complete the refinancing. Obligation that has a distant due date exceeding company's operating cycle.
Business
1 answer:
lutik1710 [3]3 years ago
7 0

Answer:

The answer is: Obligation that has a distant due date exceeding company's operating cycle.  

Explanation:

A current liability is a financial obligation due within one year (or one normal operation cycle).

So a financial obligation that has a due date that exceeds a company´s operating cycle should have been directly classified as a long term liability (or a non current liability) in the first place. It simply is not a current liability that is changed into a long term liability, it always was a long term liability.

The other options represent the steps necessary for turning a current liability into a long term liability.

  1. Intend to refinance the obligation on a long-term basis.
  2. Demonstrate the ability to complete the refinancing.
  3. Subsequently refinance the obligation on a long-term basis.

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Historically, the geographic division structure is associated with companies pursuing ________ strategies.
aleksandrvk [35]
Hey there Emilymontalva1227,

Historically, the geographic division structure is associated with companies pursuing ______ strategies.

Answer:

Multi Domestic

Hope this helps :D

<em>~Natasha♥</em>
3 0
3 years ago
in 2021, kiana's house boat was destroyed by a storm in a region that was declared a federal disaster area by the president. she
luda_lava [24]

Kiana will report under the head of natural disaster and its compensation amount is also exempt.

  • In income tax, there are a total of five heads of income viz
  1. income from salary
  2. Income from house property
  3. Income from profits and gain of business or profession
  4. Income from capital gains
  5. Income from other sources
  • Each head of income describes different features of income that are taxable.
  • Income tax is a tax levied on income or profits received by an individual or entity. Income tax is usually calculated as the product of tax rate and taxable income.
  • Tax rates vary depending on the type and characteristics of the taxpayer and the type of income.

Thus, Kiana's loss results from a natural disaster that is exempt under section 10(10BC).

To know more about income tax refer : brainly.com/question/26316390

#SPJ4

5 0
1 year ago
When you begin working, you will most likely be both a _____ and a _____ in a market economy.
laila [671]
Producer & Consumer should be the correct answer
6 0
3 years ago
Read 2 more answers
_______ is defined in marketing terms as the basic problem-solving benefits consumers are seeking.
omeli [17]
The term that is being referred to the description is CORE CUSTOMER VALUE. The core customer value is a marketing term that describes the fundamental benefits of problem solving that consumers are looking for. The customer value are classified into two and these are the perceived and the desired value.
7 0
3 years ago
Ranch Company estimates warranty expense as 5% of sales. On January 1, warranties payable was $13,000. During the year Ranch pai
Yuki888 [10]

Answer:

$13,000

Explanation:

The computation of the december 31 liability for the warranty is shown below:

Given that

Warranty expense = 5% of sales

Warranty payable = $13,000

Paid amount = $5,000

Sales = $120,000

based on the above information

The warranty liability as on Dec 31 would be equivalent to the warranty payable i.e. $13,000

The same is to be considered

3 0
2 years ago
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