Answer:
Explanation:
The current liability is that liability in which the obligation is arise for one year or less than one year.
So, the categorization is shown below:
a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability
b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability
c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year
d. Accounts payable of $60,000. = Current liability as it is arise within one year
The current liability is shown on the liabilities side of the balance sheet.
In order to publicly trade stocks, you must form a Public Corporation.
All of the assets in the LLC is structured to belong only to a certain number of selective owners.
An LLC does not possess the right to publish stock in the stock market, but they're not required to be checked by public auditor either.
False.... The amount of money taken out of a check for taxes depends on how much you're getting paid.
<span>What
you give up for taking some action is called the opportunity cost.
Average total cost is falling when
marginal cost is below it and rising when marginal cost is above it.
A cost that does not depend on the quantity produced is a fixed cost.
In the
ice-cream industry in the short run, variable cost includes the cost of cream and
sugar but not the cost of the factory.
Profits equal total revenue minus
total cost.
The cost of producing an extra unit of output is the marginal cost.</span>
