Answer: b. Reporting the current portion of a long-term note as long-term debt is a misrepresentation of the financial position of the company.
Explanation:
According to US GAAP, the current portion of a long term liability (the portion that is to be paid in the current period) should be recorded as a Current Liability.
The Current portion of a long term liability thus shows us the amount is the current Liability that a company is due to pay in the current operating cycle.
To therefore put that amount that the company is supposed to pay in the current cycle as a long term liability is a misrepresentation of the books aimed at primarily deceiving lenders as the text shows.
Producers DEMAND labor because they want and are willing to pay for people to work in their businesses.
The employees are the ones who supply labor. They are the human resource of any company.
The HR function that Gretta is performing is the job
analysis. This is a process in which is a way of determining a particular job
in means of finding out the requirements needed and duties to be performed in analyzing
the particular job.