Which of the following is not a current liability? (a) Allowance for doubtful debts. (b) Revenue received

Question:

Which of the following is not a current liability?

(a) Allowance for doubtful debts.

(b) Revenue received in advance.

(c) Current portion of long-term debt.

(d) Payroll deduction not yet remitted.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

See More Books

Question Posted: May 10, 2024 01:00 AM

See More Questions

1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...
Multiple Choice Question 1. Sales discounts with terms 2/10, n/30 mean: a. 10 percent discount for payment within 30 days. b. 2 percent discount for payment within 10 days, or the full amount (less...
21) An oil company is buying a semi-submersible oil rig for $12 million. Additionally, it will cost $1.8 million to move the oil rig to the oil-field and to prepare it for operations. If it is...
Different theories about early childhood inform approaches to children's learning and development. Early childhood educators draw upon a range of perspectives in their work ..." (EYLF p.12)....
Vertically polarized microwaves traveling into the page are directed at each of three metal plates (a, b, c) that have parallel slots cut in them. (a) Which plate transmits microwaves best? (b) Which...
A leading CEO mentoring organization offers a program for chief executives, presidents, and business owners with a focus on developing entrepreneurial skills. Women and men executives that recently...
What is the critical test for any accounting system? Does this test rely on syntactic, semantic or pragmatic perspectives?
Dividends and Stock Price last month, central Virginia Power Company, which had been having trouble with cost overruns on a nuclear power plant that it had been building, announced that it was...
Two years after Martin Marcotte's mother was injured, she passed away as a result of complications arising from her disability. Mrs. Ruth Marcotte left behind a small life insurance policy. The...
Which of the following would not be included in the numerator of the quick ratio? (a) Inventory. (b) Cash. (c) Short-term investments. (d) Accounts receivable.
Wentworth Watches Ltd manufactures and sells watches with a 2-year warranty. The warranty provision account had a debit of $$2000$ before adjusting entries on 31 December 2018, which is Wentworth...
What is the present value per share of High Tech stock using the discounted cash flow approach if the terminal value of High Tech is based on using the constant growth model to determine terminal...
Oh Company is considering a special order of 100 silver rings for $165. The normal selling price for each ring is $212 and the product cost is as follows: Direct materials Direct labor Manufacturing...
According to the equation given at the top of this lab (a = (m / M + m) * g) , if mass "m" is increased, the acceleration of the system will increase. Explain why this is so if the gravitational...
1. From a Managerial Perspective : How does the distinction between product costs and period costs impact decision-making in your specific area of concentration? Does it alter the way resources are...
1. We conclude that in a series circuit with fixed battery voltage, the same current must flow everywhere regardless of the resistance of the circuit elements in order for con- servation of charge to...
You are on a crew trying to devise some special effects for an upcoming movie, "The Quick and the Querulous." The team has tied a rope between a 1000-kg car and a giant 10,000-kg truck, intent on...
A 75.0-kg sky surfer is falling straight down with terminal speed 60.0 m/s. Determine the rate at which the sky surferEarth system is losing mechanical energy.
Continuation of Exercise 4-83. (a) What is the probability that the first major crack occurs between 12 and 15 miles of the start of inspection? (b) What is the probability that there are no major...

Which of the following is not a current liability? (a) Allowance for doubtful debts. (b) Revenue received

Question:

Step by Step Answer:

Financial Accounting Reporting, Analysis And Decision Making

Students also viewed these Business questions