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What is the current portion of long term debt classified with?
liabilities
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.
If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?
Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
What should an employer record payroll deductions as?
Current liabilities.
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
What is the current portion of long term debt classified with?
liabilities
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.
If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?
Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
What should an employer record payroll deductions as?
Current liabilities.
Classified balance sheet?
Classified balance sheet is that one in which different sections like current assets, fixed assets, other assets, liabilities and capital is shown.
What do current liabilities mean in accounting?
Current Liabilities in accounting are amounts that are owed by a business. The two types of current liabilities are short-term and long-term liabilities.
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.
Why are liabilities classified on a balance sheet as current and non-current?
Current liabilities are the obligations that are due within one year of the balance sheet's date and will require a cash payment or will need to be renewed. Knowing which liabilities will have to be paid within one year is important to lenders, financial analysts, owners, and executives of the company. (Current assets include cash and other assets that will turn to cash within one year.) Knowing the liabilities that are due within one year and the amount of assets turning to cash within one year are so important that it makes sense to prepare a classified balance sheet.The amount of current liabilities is used in two of the most common financial ratios. Working capital is the amount of current assets minus the amount of currentliabilities. The current ratio is computed by dividing the amount of current assets by the amount of currentliabilities.
What should you do if your boss asked that you don't make the adjusting entry to take the current liabilities from long term liabilities?
I have to say that this question doesn't seem plausible. The reason being,Current Liabilities are liabilities that are short-termed, meaning they will be paid in a very short time. Usually one year or less.Long-Term Liabilities are liabilities that are much longer and will be paid out during a long period of time, more than a year.There should be no current liabilities in long-term liabilities unless an error was made during the accounting process and an current liability was recorded as an long-term, in which case, an adjusting entry must be made to show this error.Other than an accounting error, there are not current liabilities in long-term to "take out".
