1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lostsunrise [7]
3 years ago
11

All of the following are liabilities except

Business
1 answer:
dolphi86 [110]3 years ago
5 0

Answer:

Accounts receivable

Explanation:

Accounts receivable is a component or part of the current assets. It is the amount that is created by selling the goods on account. Such receipts are receivable within the duration of one year.

Salaries payable is a part of current liabilities.

Notes payable is also a part of current liabilities.

Similarly, accounts payable is also a part of current liabilities.

Such payments are payable within the duration of one year.

You might be interested in
A flow chart as part of a six-sigma quality improvement process might be found in which DMAIC category? A. DefineB. MeasureC. An
tiny-mole [99]

Answer:

The correct answer is a) Define

Explanation:

In the define step, the information about business problem, goals, project scope, potential resources, objectives, and potential teams are placed in a project charter document.

5 0
2 years ago
Adair Valley issued $20,000,000 of general obligation bonds to construct a multipurpose arena. These bonds will be serviced by a
Arlecino [84]

Answer: Please see explanation column for answer.

Explanation:

a) Journal entry to record the budget

Account                                           Debit                     Credit

Estimated   Revenues         $2,500,000

Appropriation                                                        $2,000,000

Budget fund                                                           $500,000

Calculation    

Budget fund= Estimated Revenues-Appropriation   = $2,500,000- $2,000,000= $500,000

b) Journal entry to record the  the expenditure when the interest comes due for payment.

Account                                           Debit                     Credit

Expenditure Interest              $2,000,000

Matured Interest payable                                            $2,000,000

7 0
3 years ago
Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to c
romanna [79]

Answer:

the journal entries:

to record the contract

Dr Accounts receivable 96,000

Dr Bonus receivable 2,400

    Cr Service revenue 98,400

to record adjustment of bonus receivable at month 5:

Dr Service revenue 6,400

    Cr Bonus receivable 6,400

to record service revenue for the fifth month:

Dr Accounts receivable 96,000

Dr Bonus receivable 800

    Cr Service revenue 96,800

to record getting the bonus:

Dr Cash 32,000

    Cr Bonus receivable 6,400

    Cr Service revenue 25,600

Explanation:

total value of the contract:

[($96,000 x 8) + $32,000] x 0.8 = $640,000

[($96,000 x 8) - $32,000] x 0.2 = $147,200

total expected value = $787,200

expected value of the bonus = $787,200 - ($96,000 x 8) = $19,200, monthly bonus receivable $19,200 / 8 = $2,400

the adjustments required during the fifth month:

[($96,000 x 8) + $32,000] x 0.6 = $480,000

[($96,000 x 8) - $32,000] x 0.4 = $294,400

total expected value = $774,400

expected value of the bonus = $774,400 - ($96,000 x 8) = $6,400, monthly bonus receivable $6,400 / 8 = $800

5 0
3 years ago
Based on your understanding of the relationship between relative inflation rates and exchange rates, identify whether the preced
lys-0071 [83]

Answer:

b.the statement is invalid because the nominal

Explanation:

pa brainliest po

6 0
1 year ago
1. Which one of the following is not considered part
LiRa [457]

The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.

<h3>What is the exterior finish of a house?</h3>

The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.

A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.

Thus, the exterior finish of the house is:

  • An entry door
  • Cornice
  • Exterior wall coverings

From the given options;

  • The ceiling of a porch or breezeway is usually inside the house.

Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.

Learn more about a house here:

brainly.com/question/1739912

7 0
2 years ago
Other questions:
  • True or False: The State of Florida will revoke your license if you are found guilty of committing a felony for drug possession.
    5·2 answers
  • W2 Corp. needs capital to finance a new product line. It borrows money in the form of long-term bonds underwritten by an investm
    12·1 answer
  • Using the allocation method, if the ratio of land value to building value is one to three and an improved property is valued at
    5·1 answer
  • Economists use the word marginal to mean an extra or additional benefit or cost of a decision. An optimal decision occurs when
    8·1 answer
  • DWK Foods has developed a line of cookies and candies sweetened exclusively with organic honey. Although DWK is selling some of
    12·1 answer
  • In May direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $120,600 and the direct material
    9·1 answer
  • The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. * Capital Stock was
    12·1 answer
  • Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
    7·1 answer
  • Suppose that the rise in the price of coffee beans resulted in a large decrease in the supply of Starbucks coffee while the lowe
    14·1 answer
  • The price of a good rises from $4.00 to $4.50, and as a result, total revenue falls from
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!