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Is liability for withholding taxes a current or non current liability?
Wiki User
∙ 13y ago
current liability
Wiki User
∙ 13y ago
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Are lease provisions a current liability or non current liability?
Non-current liability, all provisions are non current.
Is retained earnings a current liability?
Retained Earnings is a Non-Current Liability
Withholding tax on lump sum distributions?
For a non qualified pension plan it is required a 20% (for federal taxes) withholding for taxes and X% for State, depending on the State you live.
Is accrued vacation pay belong to current liability?
No, it belongs to non-current liability
Is pension fund a current liability or non current liability?
A pension fund is considered a non-current asset but it is a long term investment fund .
Are lease provisions a current liability or non current liability?
Non-current liability, all provisions are non current.
Is a long term loan repayable in 6 years a non current asset or non current liability?
It is a loan repayable. Hence it is a liability. As the liability is for more than one year, it is non current liability.
Is retained earnings a current liability?
Retained Earnings is a Non-Current Liability
Is interest a current or non current liability?
That part of interest which is due withing next 12 month or due in current financial year then that would be current liability and the remaining part will be non-current liability.
Withholding tax on lump sum distributions?
For a non qualified pension plan it is required a 20% (for federal taxes) withholding for taxes and X% for State, depending on the State you live.
Is accrued vacation pay belong to current liability?
No, it belongs to non-current liability
Is pension fund a current liability or non current liability?
A pension fund is considered a non-current asset but it is a long term investment fund .
Is income tax payable a current or non current liability?
of course it is a current liability ,This is a specific type of accrued expense -- the income tax a company accrues over the year, but does not have to pay yet, according to various federal, state and local tax schedules. Although they're subject to withholding, some taxes simply are not accrued by the government over the course of the quarter or the year. Instead, they're paid in lump sums whenever the bill is due. good luck
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.
3 When is a liability classified as a current liability ad as a noncurrent liability?
When liability is payable within one fiscal year then it is current liability while one liability is payable within more than one period then Is non-current liability.
What is the classification of mortgage in accounting?
non current liability
How do you calculate Non Current Liability?
fair market value
