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What type of information does a balance sheet provide?
company assets and liabilities.
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
Do Debts owed by a business are referred to as?
Liabilities Liabilities
Is accrued expenses payable is an asset or liabilities?
Liabilities
What type of information does a balance sheet provide?
company assets and liabilities.
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 type of insurance coverage is recommended for vending machines to protect against potential risks and liabilities?
For vending machines, it is recommended to have commercial general liability insurance to protect against potential risks and liabilities.
Can money be garnished from your business bank account for a shortage on foreclosure?
Whether your money can be garnished depends on the type of business you have. If you have a corporation, your personal liabilities are separate from your business liabilities, which means your corporation's bank account will not be garnished.
Two common subgroups for liabilities on a classified balance sheet are?
current liabilities and long term liabilities
Do Debts owed by a business are referred to as?
Liabilities Liabilities
What is the formula for finding liabilities?
Assets - Capital = Liabilities
Is accrued expenses payable is an asset or liabilities?
Liabilities
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.
What type of liability does sainsburys have?
Sainsbury's, like any large retail corporation, has several types of liabilities, including operational liabilities such as accounts payable, lease obligations for its store locations, and employee-related liabilities. Additionally, it may face legal liabilities arising from product liability claims or regulatory compliance issues. Financially, Sainsbury's may also have long-term debt obligations related to financing and investments. Overall, these liabilities are essential for the company's operations and financial management.
Difference between current and fixed liabilities?
Using GAAP the terms Current Liabilities and Fixed Liabilities (Long-Term Liabilities) the differences are simpleCurrent Liabilities are liabilities that the company can expect to pay off in a short period of time (one year or less)While Long-Term Liabilities (fixed) are liabilities that the company will pay over over a longer period of time (more than one year)
