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Is bonds payable a noncurrent liability?
no, it is current liability
What accounts the assts division should contain?
2 main typrs of assets : A- Current Assets B- nonCurrent Assets Current assets include Cash and any other items which can convert to cash within one year , Examples of Current assets are Cash , Acc. Rec. , Inventory , Prepaid Expenses NonCurrent Assets : items can't be easily Converted into Cash & will use for extended period of time B-NonCurrent Assets include 1-Fixed Assets " Tangible Assets " : Land, building , office furniture , vehicle ... 2- Intangible Assets : GoodWill , Patent , Trademark... 3- Long Term Investment : Bonds, Security & notes
Deferred taxes should be presented on the balance sheet?
In two amounts: one for the net current amount and one for the net noncurrent amount
Is estimated warranty liability a current or noncurrent liability?
Estimated warranty liability is generally classified as a current liability. This is because it represents the company's obligation to repair or replace products within a warranty period, which typically falls within one year. However, if the warranty period extends beyond one year, any portion of the liability that is expected to be settled after that period may be classified as a noncurrent liability.
Is accounts receivable a current noncurrent liability?
it is current, if the account has not been paid and is past due after 30 days, it goes into collections. There is no such thing as a non-current accounts receivable.
What is the rationale behind the different accounting methods for the various investment classifications?
The rationale behind the different accounting methods for the various investment classifications is to identify the asset as either current or noncurrent. However, some investments are classified based on maturities and expectations as to sales and redemptions in the following year.
Is bonds payable a noncurrent liability?
no, it is current liability
What accounts the assts division should contain?
2 main typrs of assets : A- Current Assets B- nonCurrent Assets Current assets include Cash and any other items which can convert to cash within one year , Examples of Current assets are Cash , Acc. Rec. , Inventory , Prepaid Expenses NonCurrent Assets : items can't be easily Converted into Cash & will use for extended period of time B-NonCurrent Assets include 1-Fixed Assets " Tangible Assets " : Land, building , office furniture , vehicle ... 2- Intangible Assets : GoodWill , Patent , Trademark... 3- Long Term Investment : Bonds, Security & notes
What is NAICS Code 335932?
NAICS Code 335932 covers Noncurrent-Carrying Wire Device Manufacturing
How do you convert noncurrent assets into assets?
since noncurrent assets are fixed assets and current asset are business properties tend to be used within a years period example machinery a business can put their properties on sale example they can rent them out as hire purchasing from them the business gets money
What did noncurrent-carrying wire device manufacturing earn in 1994?
Industry sales reached nearly $4.0 billion in 1994
What did noncurrent-carrying wire device manufacturing ship in 2001?
The total value of shipments in 2001 reached $5.1 billion
What is the noncurrent-carrying wiring devices industry?
The noncurrent-carrying wiring devices industry includes products such as outlets, switches, junction boxes, and electrical panels that are used in electrical installations but do not carry the current themselves. These devices are essential components in electrical systems for controlling and distributing electricity throughout buildings. The industry is focused on producing safe, reliable, and code-compliant products for use in residential, commercial, and industrial applications.
Deferred taxes should be presented on the balance sheet?
In two amounts: one for the net current amount and one for the net noncurrent amount
What did noncurrent-carrying wire device manufacturing ship in 1989?
By 1989, industry participants were shipping about $3.4 billion worth of goods per year
How many people did noncurrent-carrying wire device manufacturing employ in 2001?
Industry-wide employment totaled nearly 23,000 workers in 2001
Is estimated warranty liability a current or noncurrent liability?
Estimated warranty liability is generally classified as a current liability. This is because it represents the company's obligation to repair or replace products within a warranty period, which typically falls within one year. However, if the warranty period extends beyond one year, any portion of the liability that is expected to be settled after that period may be classified as a noncurrent liability.
