<h2>Answer with Explanation </h2>
The dual credit as there is a concept of earning college credits for the high school students. It also enrolls students in college subjects while they are in high school. For International Baccalaureate and Advanced Placement credits, students have to pass the exam to prove their ability of college level to transfer the credits. In Articulated Credit, passing the college level exam assists as the school credit is added to college credit.
Answer:
The situation that would not require the long-term liabilities to be reported as current liabilities on the balance sheet is :"The company intends to refinance the debt and did so prior to issuance of the financial statements".
Explanation:
Analyzing all the options given above:
- The long-term debt matures within the upcoming year- which means that the liability payable is less than one year, therefore, it is a current liability.
- The creditor has the right to demand payment due to a contractual violation- which means that the money is immediately payable. Therefore, it refers to the current liability.
- The long term debt is callable by the creditor - which means it is also to be recorded as a current liability.
The above three statements clearly explain that they are recorded as a current liability, but when the company intends to refinance the debt and did so prior to issuance of the financial statements does not record the current liability.
Answer:
Prices will decrease and the quantity produced will increase.
Explanation:
Because labor costs are lower in developing countries, when these countries produce manufactured goods, they do it at a lower cost, meaning that these goods will also have a lower price for the final consumers. If these cheaper goods are exported to the U.S. market, the U.S. market is flooded with more goods at a lower price, something that may affect some U.S. firms, but that benefits the majority of U.S. consumers.
