Rodriguez Corporation includes the following items in its liabilities at December 31, 2012. 1. Notes payable, $25,000,000,
Question:
Rodriguez Corporation includes the following items in its liabilities at December 31, 2012.
1. Notes payable, $25,000,000, due June 30, 2013.
2. Deposits from customers on equipment ordered by them from Rodriguez, $6,250,000.
3. Salaries payable, $3,750,000, due January 14, 2013.
Instructions
Indicate in what circumstances, if any, each of the three liabilities above would be excluded from current liabilities.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Answer 1 Notes payable This liability would be excluded from current liabilities if it is due after ...View the full answer
Answered By
Hafiz Muhammad Safdar Ali
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Rodriguez Corporation includes the following items in its liabilities at December 31, 2021. 1. Notes payable, $25,000,000, due June 30, 2022. 2. Deposits from customers on equipment ordered by them...
-
Rodriguez Corporation includes the following items in its liabilities at December 31, 2018. 1. Notes payable, $25,000,000, due June 30, 2019. 2. Deposits from customers on equipment ordered by them...
-
Rodriguez Corporation includes the following items in its liabilities at December 31, 2020. 1. Notes payable, $25,000,000, due June 30, 2021. 2. Deposits from customers on equipment ordered by them...
-
In the dynamic and expanding urban environment of "Slothsberg", a new highway ("Snailpace Highway") is to be constructed over the existing "Dillydally Highway". The following conditions apply to the...
-
Examine the following information: a. Construct a 95% confidence interval for 1 2. b. Calculate the test statistic that would be used to determine if 1 - 2 the upper confidence limit. Given this,...
-
Mr. Shrager does not always let his statistics class out on time. In fact, he seems to end class according to his own internal clock. The density curve models the distribution of the amount of time...
-
For an ideal gas, the slope of the pressure-volume curve at a given point will be (a) Steeper for an adiabatic process than for an isothermal process (b) Steeper for an isothermal process than for an...
-
Cam and Anna are very satisfied with their first month of operations. Their major effort centered on signing various artists to live performance contracts, and they had more success than they had...
-
A light ray is travelling in water towards the surface. It emerges into the air at an angle of 29 degrees from the normal to the surface. What was the incident angle (from the normal to the surface)...
-
Ajax Investment Company is considering the purchase of land that could be developed into a class A office project. At the present time, Ajax believes that the site could support a 300,000 rentable...
-
Schmitt Company must make computations and adjusting entries for the following independent situations at December 31, 2013. 1. Its line of amplifiers carries a 3-year warranty against defects. On the...
-
Dumars Corporation reports in the current liability section of its balance sheet at December 31, 2012 (its year-end), short-term obligations of $15,000,000, which includes the current portion of 12%...
-
With respect to entropy, when a solution forms: (a) Entropy increases. (b) Solute particles become more randomized. (c) We obtain a more probable distribution of solute particles. (d) The increase in...
-
Paladin Furnishings generated $ 4 million in sales during 2 0 2 1 , and its year - end total assets were $ 3 . 4 million. Also, at year - end 2 0 2 1 , current liabilities were $ 5 0 0 , 0 0 0 ,...
-
Jane is an American medical resident who is doing a 6 - week rotation in a hospital clinic in the Middle East. During her stay, she and another medical resident, Ryan have become friends. They live...
-
"Supreme Court Won't Intervene in Climate Scientist Defamation Suit" 1-On what grounds might a court dismiss Professor Mann's lawsuit against the National Review and the Competitive Enterprise...
-
A company reports net income of $ 8 , 90 0 for the year During the year, the company reports an $ 8 90 loss from retirement of notes and a gain of $ 1 , 42 0 from the sale of equipment Also,...
-
talk about what you explored through WorkBC and what is your plan moving forward relating to career exploration. Use your results as examples if needed. Paragraph length. Consider the following...
-
Show that (a) log e = 1 + 2ni (n = 0,1,2, . . .); (b) log I = (2n + ) i (n = 0, 1, 2, ...); (c) log (- 1 + 3i)} = ln 2 + 2(n + 1/3) i (n = 0, 1, 2, ...).
-
Explain the regulation of the secretions of the small intestine.
-
Jose Oliva is considering two investment options for a $1,500 gift he received for graduation. Both investments have 8% annual interest rates. One offers quarterly compounding; the other compounds on...
-
Jose Oliva is considering two investment options for a $1,500 gift he received for graduation. Both investments have 8% annual interest rates. One offers quarterly compounding; the other compounds on...
-
Jose Oliva is considering two investment options for a $1,500 gift he received for graduation. Both investments have 8% annual interest rates. One offers quarterly compounding; the other compounds on...
-
For its three investment centres, Stahl Company accumulates the following data: Centre I Centre II Centre III Sales $1,966,000 $4,029,000 $3,927,000 Controllable margin 1,096,700 2,145,960 3,858,880...
-
What is a mirror's radius of curvature if cars 1 9 . 0 m away appear 0 . 3 7 their normal size? Express your answer to two significant figures and include the appropriate units.
-
Reading Coming to a new awareness of organizational culture, Edgar H.Schein: https://docs.google.com/document/d/15yKbiEIwu47U1OnyjYevwz9ly42o2PCi0x-Zz_4C-po/edit In the assigned reading from the...
Study smarter with the SolutionInn App