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Commercial paper may show up on corporate balance sheets as either a current asset or a current liability?
Mealands
commercial paper is like a bond it will show up on the balance sheet as a asset if there is no lien on it. It will also show as a liability if there is a lien on it.
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∙ 12y ago
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Where does unearned fees appear on the balance sheet?
On the balance sheet as a current liability.
How is the bonds payable classified on the balance sheet?
Bonds payable is classified as liability in balance sheet. That portion which is payable in current fiscal year as current liability while remaining portion as non-current liability.
Bonds payable are reported on the balance sheet at?
bonds payable are shown in balance sheet under current as well as non-current liability portion as that much amount which is payable within current year is current liability and remaining is non-current liability.
What does a credit balance on partner's current account mean?
current liability
How is a liability increased by a credit or debit?
Liability has credit balance as normal balance so credit increases the liability which means addition to current liability will increase the overall liability and reduction in liability will reduce overall liability.
An unfunded pension liability is reported on the balance sheet as?
current liability or long-term liability, depending upon when the pension liability is to be paid
Do banks balance sheets have current liabilities?
Do you mean: can a bank balance be a liability? If so, yes. If a bank balance is an overdraft then that balance should be shown in current liabilities.
On a balance sheet the accounts pauable and salarys payable would fall under the catergory of?
Accounts payable and salaries payable both are part of current liability of balance sheet and shown there at liability side.
Is Federal Income Tax a current liability?
In personal tax yes. In corporate, ther is both a current and deferredportion
The classification and normal balance of the accounts payable account is?
The classification of Accounts Payable is liability, and a current liability, it has a normal credit balance, and is found on the Balance Statement as a permanent account.
Is rent due a current liability on a company's balance sheet?
Yes
Is short term debt a current liability?
Yes short term debt is a current liability for business and payable normally within one fiscal year and shown under current liability section of liability side of balance sheet.
