Which of the following is a liability? (A) Machinery (B) Accounts payable for goods (C) Motor vehicles

Question:

Which of the following is a liability?

(A) Machinery (B) Accounts payable for goods (C) Motor vehicles (D) Cash at bank

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

Step by Step Answer:

Related Book For book-img-for-question

Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

See More Books

Question Posted: Mar 27, 2024 04:00 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...
Select the best answer for each of the following multiple-choice questions. 1. The encumbrances control account of a governmental unit is increased when a voucher payable is a. Not recorded and the...
1) What is the initial default date for transactions when a company data file is opened? a. The source document date b. The current computer dates c. The date of the last transaction entered d. The...
(1) Choose all of the following statements that are correct about the time evolution of a general wave function: (I) The time evolution of a general wave function is governed by the Hamiltonian...
On October 1, 2017, PFQ Corp. issued $800,000 of 10-year, 5% bonds at 98. The bonds pay interest annually on October 1. PFQ's year end is September 30. Instructions (a) Record the issue of the bonds...
For what numbers x, -2 x 2, does csc x = 1? For what numbers x does csc x = -1? If necessary, refer to the graphs to answer each question.
How do sleep, illness, and injury affect physical health at work?
LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620,000, and its net income after taxes was $24,655. Stockholders recently...
Which of the following statements is correct? Assets (A) We paid a creditor by cheque - Bank (B) A debtor paid us 90 in cash + Cash Effect upon Liabilities - Accounts payable + Accounts receivable
If a trial balance fails to agree, what steps would you take in order to find the cause of the difference?
Suppose that we have a quasimonochromatic, uniform thermal slit source of incoherent light, such as a discharge lamp with a mask and filter in front of it. We wish to illuminate a region on an...
Viva Yeboahs 401(k) plan provides a supplemental Roth 401(k) arrangement. If Vivas compensation is $500,000, will she be eligible to contribute to a Roth 401 (k) account? Explain why or why not.
Bonnie Sparks has been receiving a $200 monthly annuity from her qualified plan account over several years. At the end of the current year, her account balance is $50,000, including a $10,000 cost...
Kathy Runde, age 66 and retired, receives a $20,000 partial distribution from her 401(k) plan. The plan does not pay out an annuity. Immediately before the distribution, her account balance is...
AJR Inc.'s qualified plan provides for the allocation of employer contributions based upon a flat rate of four percent of each employee's compensation. Nathaniel's annual compensation is equal to...
During 2019, Alec Meachin earned a net profit of $80,000 from his sole proprietorship (as reported on Schedule C). He paid $10,000 self-employment taxes during the year. What is the maximum...
Place yourself facing the edge of and open door position your feet astride the door with your nose and abdomen touching the doors edge. Try to rise on your tiptoes. Why cant this be done?
Write the given system without the use of matrices. D) - ()- d (x sin t + 8 (2+ 1)
Using the equation that gives the concentration profile as a function of spatial coordinate, x, and time, t, for a point (or planar) source and the MATLAB programing and graphing software (or any...
1. In the following spring assembly, k= kaks =10 N/mm and k-k3-5 N/mm. The force (F3) is 50N. (a) By hand, find the global stiffness matrix. (b) Find the nodal displacements (c) Find the reaction...
The indoor unit of the air conditioner in the figure is used for cooling in a space of 12 m width, 24 m length and 3 m height. It works in a way to pass 6 times the volume of the space through the...

Which of the following is a liability? (A) Machinery (B) Accounts payable for goods (C) Motor vehicles

Question:

Step by Step Answer:

Among the options provided the liability is B Accounts payable fo...View the full answer

Frank Woods Business Accounting Volume 1

Students also viewed these Business questions