Question

Swift Company has the following obligations at December 31:
(a) A note payable for $10,000 due in 18 months;
(b) Unearned revenue of $12,500;
(c) Interest payable of $15,000;
(d) Accounts payable of $60,000;
(e) Note payable due in three months. For each obligation, indicate whether or not it should be classified as a current liability.



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  • CreatedSeptember 01, 2014
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