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yawa3891 [41]
3 years ago
12

A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable

by the creditor. Will be refinanced with stock. Is secured by adequate collateral. Will be refinanced with debt.
Business
1 answer:
Eddi Din [679]3 years ago
6 0

Answer:

A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable by the creditor - Will be refinanced with stock.

Option A is the correct answer.

Explanation:  

Generally, a short term liability is required to be paid by the company within a period of 1 year. Nevertheless, if the liability is callable the creditor, the company is not required to pay the liability within a year.

Thus, in this instance, a current liability can be detailed as a long term debt in the balance sheet.

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If you are falling behind on your student loan payments, which of the following steps should you take to avoid default?
larisa86 [58]
The correct answer among all the other choices is "Contact your lender." If you are falling behind on your student loan payments, this is the step you should take to avoid default. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help. 
7 0
3 years ago
Read 2 more answers
A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been
tekilochka [14]

Answer:

The company paid $278,031

Explanation:

Giving the following information:

A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.

<u>To calculate the past value of the land, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= present value (20 years ago)

n= 20

FV= 575,000

i= 0.037

PV= 575,000 / (1.037^20)

PV= $278,031

3 0
3 years ago
If you charge/plug in your phone on a Xbox will the stuff in ur camera roll on your phone be on/in the Xbox?
inysia [295]

Answer:

No.

Explanation:

You said if you charge, so it will only charge your phone. You aren't able to upload photos directly to an Xbox.

Although, if you are pc, you can upload a custom gamerpic easily.

(An example would be a gamerpic, you need the app in order to have a custom gamerpic because it accesses your files).

3 0
2 years ago
How do investment bankers generate revenues for their firms?
Lesechka [4]
The answer is C they but at a discount, the entire issues of new security....
3 0
3 years ago
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Kline Corp. recognizes revenue over time to account for long-term contracts. The contract price is $5 million, total constructio
dlinn [17]

Answer:

The journal entry which is to be recorded is shown below:

Explanation:

Contract Price A/c...................................Dr    $500,000

Cost of constructionA/c.........................Dr   $150,000

                 Revenue A/c................................Cr   $2,000,000

As the company recording the revenue, so the revenue account is credited. It involves the cost of construction which is debited and the contract price account is debited.

Note: The options are missing. So, proving the journal entry in the answer.

7 0
3 years ago
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