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).
Current portion of long term loan is classified as current liability and shown under current liability section of balance sheet.
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)
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.
Yes. Usually separated and called "Current Portion of Long-Term Debt"
The current portion of long-term debt is classified with the ____
Current portion of long term loan is classified as current liability and shown under current liability section of balance sheet.
liabilities
Yes it does. Depending on the industry, long service leave averages ten weeks for every eight to ten years of service.
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)
current assets; long-term investments; property, plant, and equipment; and intangible assets.
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.
current liabilities and long term liabilities
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.
Current assets and property plant and equipment
Yes. Usually separated and called "Current Portion of Long-Term Debt"
no Further to the 'no' posted: Individual employment contracts may include clauses with entitlement to long service leave. It is not part of the current legal entitlement except 3 weeks holiday after 12 months continuous work on salary or wages; unless holiday pay is built into the pay rate as an additional percentage to allow exceptions, this is not unusual for temporary workers. I suggest you refer to NZ labour department on the government website for actual minimums for leave allowances.