Question: Santana Inc reports the following liabilities in thousands on its

Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial statements.


Instructions
(a) Identify which of the above liabilities are likely current and which are likely long-term. List any items that do not fit in either category. Explain the reasoning for your selection.
(b) Prepare the liabilities section of Santana’s balance sheet as at January 31,2014.


$1.99
Sales42
Views2851
Comments
  • CreatedApril 07, 2014
  • Files Included
Post your question
5000