0
Under Generally Accepted Accounting Principles, the term Current usually refers to the next twelve months. Any thing that has a "life" over that time period, is considered Long-term, (or Non-Current).
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the current portion of long-term debt classified with?
Current portion of long term loan is classified as current liability and shown under current liability section of balance sheet.
What is the current portion of long term debt classified with?
liabilities
Are Notes receivable are classified as current liabilities?
Notes Receivable are "not" classified as a liability at all, since they are receivable (meaning the company will receive them) they are classified as Long Term Assets. Accounts Receivable (Current Asset) Notes Receivable (Long Term Asset) Accounts "Payable" (Current Liability) Notes "Payable" (Long Term Liability)
Type of liabilities?
There are several different types of liabilities. The two main types are current and long term. Then there are contingent liabilities which can be classified as either current or long time.
All long-term debt maturing within the next year must be classified as a current liability on the balance sheet?
Yes. Usually separated and called "Current Portion of Long-Term Debt"
What is the current portion of long-term debt classified?
The current portion of long-term debt is classified with the ____
What is the current portion of long-term debt classified with?
Current portion of long term loan is classified as current liability and shown under current liability section of balance sheet.
What is the current portion of long term debt classified with?
liabilities
Are Notes receivable are classified as current liabilities?
Notes Receivable are "not" classified as a liability at all, since they are receivable (meaning the company will receive them) they are classified as Long Term Assets. Accounts Receivable (Current Asset) Notes Receivable (Long Term Asset) Accounts "Payable" (Current Liability) Notes "Payable" (Long Term Liability)
Does Australia have long service leave entitlements?
Yes it does. Depending on the industry, long service leave averages ten weeks for every eight to ten years of service.
In a classified balance sheet assets are usually classified as?
current assets; long-term investments; property, plant, and equipment; and intangible assets.
Type of liabilities?
There are several different types of liabilities. The two main types are current and long term. Then there are contingent liabilities which can be classified as either current or long time.
Two common subgroups for liabilities on a classified balance sheet are?
current liabilities and long term liabilities
The classified Balance Sheet will divide its Liabilities Section as the following subsections?
Current assets and property plant and equipment
All long-term debt maturing within the next year must be classified as a current liability on the balance sheet?
Yes. Usually separated and called "Current Portion of Long-Term Debt"
How long takes to be a veteran?
A man or woman of military service becomes a veteran the moment they leave the armed forces. If they are currently in service, they are not considered veterans, but when they leave they are immediately veterans.
Is bank loan a current liability?
That depends on the term of the loan. Let's define Current Liability and Long-Term LiabilityA current liability is any liability that will be paid off within one year (or less) or one accounting cycle. A bank loan, if is financed for One Year or less, would be classified as a Current Liability.A Long-Term Liability is anything OVER a year. So if the bank loan is financed for more than one year, it will then be classified as a Long-Term Liability.
