Explain how the liability should be classified

Assignment Help Accounting Basics
Reference no: EM131122063

1. At the balance sheet date, a business owes a mortgage note payable of $360,000, the terms of which provide for monthly payments of $2,000. Explain how the liability should be classified on the balance sheet.

Reference no: EM131122063

Questions Cloud

Create a treatment plan : Clients who have a low sense of self-efficacy, usually from past treatment attempts/relapses, can be difficult to motivate in treatment. create a treatment plan and make decisions for them until they feel better
Show that the dual problem is feasible : Hint: Assume without loss of generality that the primal is feasible (take si = 0 if necessary), and note that all forward cycles have nonnegative cost if and only if the primal problem is not unbounded (see the discussion near the beginning of Sec..
Essay about explain the concept of learned helplessness : 350 word essay about, Explain the concept of learned helplessness. How does it develop? How do people who have learned to be helpless differ from those who haven't learned this
What annual lease payments will leasing company require : Both leasing companies now require a 20 percent pretax rate of return on this type of lease. Suppose First Manufacturers estimates the machine's salvage value at the end of the lease to be $30,000 and Commercial Associates estimates salvage to be $80..
Explain how the liability should be classified : At the balance sheet date, a business owes a mortgage note payable of $360,000, the terms of which provide for monthly payments of $2,000. Explain how the liability should be classified on the balance sheet.
What are defense mechanisms : 350 word essay on, What are defense mechanisms? What are the advantages and disadvantages of using them to cope with stress
Course of the preflow-push algorithm the number : Consider the gap method described at the end of Section 7.3.2. Suppose that in the course of the preflow-push algorithm the number m(k) of nodes that have price equal to k is 0. Let S be the set of nodes with price less than k, and let S be the c..
Maintaining the activation of bodily systems : ____________, released by the adrenal gland, is a hormone that is responsible for maintaining the activation of bodily systems during prolonged stress
Method terminates in a finite number of iterations : Consider the primal-dual method of Chapter 6. Show that if the terms "balanced," "active," and "inactive" are replaced by "-balanced," "-active," and "-inactive," then the resulting method terminates in a finite number of iterations and the final..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Lee purchased a stock one year ago for 28 the stock is now

lee purchased a stock one year ago for 28. the stock is now worth 33 and the total return to lee for owning the stock

  Nanki corporation purchased equipment at the beginning of

nanki corporation purchased equipment at the beginning of 2012 for 650000. in 2012 and 2013 nanki depreciated the

  Estimate the stock price of a non-dividend paying stock

From a theoretical view, explain the merits and/or pitfalls of using the dividend growth model to estimate the stock price of a non-dividend paying stock.

  Locate the 2003 consolidated statements of cash flows for

locate the 2003 consolidated statements of cash flows for 1-800 contacts inc. net income for this company is on a

  What was the amount of the cost of goods sold

What was the amount of the cost of goods sold

  At the beginning of the period the fabricating department

at the beginning of the period the fabricating department budgeted direct labor of 22500 and equipment depreciation of

  Business process level pattern for the conversion cycle

How is the business process level pattern for the conversion cycle similar to the business process pattern for the revenue cycle? How are the two patterns different?

  Assuming instead that the company uses the fifo inventory

assuming instead that the company uses the fifo inventory cost method again using a perpetual inventory system what is

  Which statements is an accurate description of var

Worse-than-VAR scenarios are defined as scenarios that lead to losses in the extreme left tail of the return distribution equal to or exceeding VAR at a given level of confidence. Which of the following statements is an accurate description of VAR..

  Prepare an outline done with us references and the reference

Prepare an outline done with 15 U.S. references and the references have to be from 2014-2016, about the following subject in APA format: The role of auditors in reducing wasteful spending in our (U.S.) local government.

  How can people tell you are angry

How can people tell you are angry, nervous, and so on - Describe a scene that you remember where you expressed yourself emotionally through physical actions.

  On september 1 2011 miami corporations common stock was

on september 1 2011 miami corporations common stock was selling at a market price of 25 per share. on that date miami

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd