Long-term liabilities: a can be broken down into a current portion and long term portion. The current portion respresenting what is owed for 1 year from the balance sheet date. b.can be broken down into a current portion and long term portion. The current portion respresenting half of what is currently owed on the liability c. can be broken down into a current portion and long term portion. The long term portion respresenting half of what is owed on the liability d. can be broken down into a current portion and long term portion. The long term portion respresenting what is owed for 1 year from the balance sheet date a When a business collects sales tax from its customers at the time of sale: (check all that apply) a. The business records a sales tax receivable account for the sales taxes collected. b. The company records a sales tax payable account at the time the sales taxes are collected. c. The company must remit the sales taxes to the appropriate agency. d. The business gets to keep that money Solvency ratios like the debt to assets ratio: a. show the ratio of total liabilites to current assets. b.shows the ratio of total assets divided by total liabilities. c. measures whether the company can survive for the next year. d. shows whether the business will survive more than a year into the future. Interest rates set on bonds are stated: a. as an annual interest rate b.as a quarterly interest rate c. as a semi-annual interest rate d. None of the above