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olga_2 [115]
3 years ago
7

Identify the accounts below that would be classified as current liabilities on a classified balance sheet. (Check all that apply

.)
a) Notes payable (due in three months)
b) Unearned rent
c) Accounts payable
d) Taxes payable
Business
1 answer:
evablogger [386]3 years ago
6 0

Answer:

a) Notes payable  = current liabilities

b) Unearned rent  = current liabilities

c) Accounts payable  = current liabilities

d) Taxes payable = current liabilities

Explanation:

Current Liabilities are Company`s Obligations that are due for settlement within a period of 12 months.

All the above Accounts are would be classified as current liabilities as settlement in cash or service <em>(when in comes to unearned rent)</em> is due within 12 months.

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3 years ago
What government organization formed to enforce antitrust laws and to make sure the interests of small businesses were protected
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Suppose your principal objective is to maximize the selectivity of monochloroethane production relative to dichloroethane produc
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Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm
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Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

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