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Is it true all long term liabilties become current liabilities?
Long term liability becomes the current liability in that year in which it is to be cleared so Yes, long term liability become current liability.
Is long term debt an operating liability?
NO. But the Current maturities of long-term debt is an operating liability.
Is Demand loan a current liability or a long term liability?
a current liability
Is a loan is current liability or long term liability in the balance sheet?
If loan is payable within twelve month of issuance of loan then it is current liability but if it is payable in more than one fiscal year then it is long term liability but even in long term loan, that portion of loan which is payable in current fiscal year is current liability and remaining portion is long term liability.
Are billings in excess of cost a current liability or long term liability?
Yes it is a current liability
Is subordinated capital notes a current liability or a long term liability?
Long term
Is it true all long term liabilties become current liabilities?
Long term liability becomes the current liability in that year in which it is to be cleared so Yes, long term liability become current liability.
Is long term debt an operating liability?
NO. But the Current maturities of long-term debt is an operating liability.
Is Demand loan a current liability or a long term liability?
a current liability
Is a loan is current liability or long term liability in the balance sheet?
If loan is payable within twelve month of issuance of loan then it is current liability but if it is payable in more than one fiscal year then it is long term liability but even in long term loan, that portion of loan which is payable in current fiscal year is current liability and remaining portion is long term liability.
Are billings in excess of cost a current liability or long term liability?
Yes it is a current liability
Is salaries payable a long term liability?
No, Its not a long term liability, since it will be paid in the same month the expenes is booked or the next month
Is outstanding liability is long term?
Outstanding liability can refer to both short-term and long-term obligations, depending on the context. Short-term liabilities are due within a year, while long-term liabilities extend beyond a year. Therefore, whether an outstanding liability is considered long-term depends on its specific terms and the timeframe for repayment.
1 A liability is classified as a current liability if it is to be paid within the coming year?
Yes current liability is that liability which is payable within one fiscal year otherwise it is that portion of long term liability which is payable within one year remaining portion will be long term liability.
What is the purpose of reporting current maturities of long term debt?
Purpose to report is to show that how much portion of long term debt will be paid or payable in current accounting year that's why that portion became current liability and not long term 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
Is long term notes payable current liability?
no
