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3 years ago

Which of the following accounts are normally reported as current liabilities on a classified balance sheet?

Business

1 answer:

IRISSAK [1]3 years ago

7 0

Answer:

d. Income Taxes Payable and Salaries Payable

Explanation:

Current liabilities are short term obligations of an entity due for repayment within a period of 12 months.

From the options given d. Income Taxes Payable and Salaries Payable both presents current liabilities.

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I dont get this but ueah

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3 years ago

Heather has lost 30 pounds and kept it off for 6 years. she is currently in the ________ stage of change in regard to weight los

Zielflug [23.3K]

I believe the answer is Termination <span>stage of change in regard to weight loss.
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In behavioral change like this, average people achieved termination stage after making an effort for 24 months or more.</span>

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3 years ago

Using the aging method of accounts receivable method, $5,000 of the company's Accounts Receivable are estimated to be uncollecti

romanna [79]

Answer:

The answer is A.

Explanation:

Closing/Ending balance in Allowance for Doubtful Accounts = Unadjusted credit (debit) balance in Allowance for Doubtful Accounts + Bad Debt Expense

To get Bad Debt Expense, we re-write the formula:.

Closing/Ending balance in Allowance for Doubtful Accounts − Unadjusted ending credit (debit) balance in Allowance for Doubtful Accounts

Ending/Closing method balance in allowance for doubtful debt= $5,000

Unadjusted ending credit (debit) balance in Allowance for Doubtful Accounts =$500

So we have:

= $5,000 − $500

= $4,500

6 0

3 years ago

Read 2 more answers

Suppose the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-cre

Novosadov [1.4K]

Answer: $500 million

Explanation:

The required reserve ratio is the fraction of the total deposit that a bank recieves which is mandated by the central bank to be kept and should not be given out.

If the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-creation potential of the banking system will be:

= $50million/10%

= $50million/0.1

= $500 million

7 0

4 years ago

1. Calculate owners’ equity. Pasta Enterprises has $42,000 in cash, $20,000 in inventory, $17,000 balance due to creditors, and

mash [69]

Answer:

The amount of owners’ equity is $66,000

Explanation:

Basing on the balance sheet equation:

Assests = Liabilities + Owners’ equity

Therefore:

Owners’ equity = Assests - Liabilities

Pasta Enterprises has $42,000 in cash, $20,000 in inventory, and $21,000 balance due from customers.

Assests = Cash + Inventory + Balance due from customers = $42,000 + $20,000 + $21,000 = $83,000

Liabilities = Balance due to creditors = $17,000

Owners’ equity = $83,000 - $17,000 = $66,000

3 0

3 years ago