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What else can I help you with?
How do you calculate debt service?
Debt service is the total of the loan payments (principal + interest). This is needed for a cash flow projection, whereas you only need the interest portion for a financial statement forecast/budget.
How much is the interest on the US National Debt?
Currently, American taxpayers are paying $53,000,000,000 (yes that's BILLION) per MONTH just for the INTEREST on our current debt!
What are interest-bearing debt funds?
Interest-bearing debt funds are forms of capital that include loans, bonds, short-term notes, and interest-bearing payables to trade suppliers.
What are the best debt consolidation programs?
With a debt consolidation loan, a company fronts you the money to pay off your debt (or a portion of your debt), so then your monthly debt payments get streamlined into the one loan payment. Your debt consolidation loan ideally has a lower interest rate so you can save on interest as you pay it off.
How do debt consolidation services work?
Most debt consolidation services work by consolidating your debt into one loan. The debt consolidation service will pay off all of your debt balances and then make a loan to you for the amount of your debt plus any service fees. Normally the consolidated loan will have a lower interest rate than your previous debt balances.
Does long term debt and short term portion of long term debt include interest?
No. Only the current amount of interest due and/or accrued is shown as Interest Payable under Current Liabilities.
What is the current portion of long-term debt classified?
The current portion of long-term debt is classified with the ____
Current maturities of long-term debt?
Current maturities of long term debt means that portion of debt which is payable in current fiscal year.
Current installment of long term debt?
The current portion of long-term debt is usually broken out to an a liability account known as Current Portion-Long Term Debt. This is usually for a 12-month period. Using the amortization schedule for the loan, debit the long-term note account for the 12 month period of principal and credit the short-term liability account. Then when the payment is made, debit the principal to the short-term account and the interest to interest expense.
The current portion of long-term debt should?
be reclassified as a current liability
What is the formula of the CPRP?
Formula to calculate CPRP: CPRP = Cost Of Rate Per 30 Minutes/ Rating Point Of That Time Band
What makes up the largest portion of uncontrollable spending in the national budget?
The largest portion of uncontrollable spending in the federal budget is the spending that Congress approves.
What is the current portion of long term debt classified with?
liabilities
Would any part of a 5-year auto loan be considered a current liability?
The portion of payments due in the current period (1 yr) are considered the current portion of long term debt; the remainder would be considered long term debt, though this is difficult to justify, given that auto loans are consumer debt - that is debt that is not tax deductable. The portion of payments due in the current period (1 yr) are considered the current portion of long term debt; the remainder would be considered long term debt, though this is difficult to justify, given that auto loans are consumer debt - that is debt that is not tax deductable.
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.
What is the current portion of long-term debt classified with?
Current portion of long term loan is classified as current liability and shown under current liability section of balance sheet.
Current maturity Of Long-Term Debt?
Current maturity of long-term debt is the amount which is liable to pay in current fiscal year Example: Long-term loan payable in 10 years = 10000 Current portion of loan payable in current year = 1000 Remaining portion payable in next 9 year = 9000 is the long-term debt payable
