Is it a current liability or a long term liability

Assignment Help Accounting Basics
Reference no: EM13120727

Where on the balance sheet should a 20 year, 12% bond, due 1/1/2013 for $500,000 be listed. Is it a current liability or a long term liability?

Reference no: EM13120727

Questions Cloud

Compute the overhead allocation rate : Allocation and proration of overhead. Tamden, Inc., prints custom marketing materials. The business was started January 1, 2010. The company uses a normal-costing system. It has two direct cost pools, materials and labor and one indirect cost pool..
Distributing two assets in a transaction : Susco distributed two assets in a transaction that qualified as a redemption.One asset had an adjusted basis of $100,000 and a fair market of $135,000.
Finding square roots : In the simplest way possible can some one provide me with the steps to find the square root of a number like 11.0554 that is not a perfect square.
Discussion on quadratic equations : Some students planned a get together, the budget for food was $500.00. Five of the students failed to come because of the distance ad therefore the cost of food for each member increased by $5.00.
Is it a current liability or a long term liability : Where on the balance sheet should a 20 year, 12% bond, due 1/1/2013 for $500,000 be listed. Is it a current liability or a long term liability?
Determine if there are any outliers in sample mean : Given that the sample mean is x¯=93.81, and the sample standard deviation is s=4.65, determine if there are any outliers. (We will define an outlier to be any data value outside of the x¯+_2s range.)
Practical application of quadratic equations : A business invests $10,000.00 in a savings account for 2 years, At the beginning of the second year, an additional $3500.00 is invested, At the end of the second year, the account balance is $15,569.75. What is the annual interest rate?
Accountability in reporting memo : Write a short Memo to a nonfinancial audience explaining how increasing scrutiny and demand for accountability by the public has influenced reporting for not-for-profit and governmental entities.
Jane jacobs'' death and life of great american cities : Write a photo essay based off of your interactions with Jane Jacobs' Death and Life of Great American Cities. The assignment will consist of original (digital) photos taken by students that exemplify issues in Jacobs' book. A brief (2-3 senten..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Constraint at bulman corp

The constraint at Bulman Corp. is time on a particular machine. The company makes three products that use the machine. Data appears below:

  Determining the number of units of product

The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:

  Cost drivers and value-added processes

What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? Do you prefer ABC over traditional costing methods?

  Depreciation-gaap-tax methods

What are some of the differences between depreciation methods allowed by the IRS and others permitted by GAAP? Why does the IRS have accelerated method of cost recovery for tax payers? Explain

  Bad debts analysis-allowance account

On January 1, 2010, the balance in Kubera co.'s Allowance for Bad Debts account was$9720. during the year, a total of $23900 of delinquent account receivable was written off as bad debts, the balance in the allowance for bad debts account at Decem..

  Investment journal entries

Hobson acquires 40% of the outstanding voting stock of Stokes Company on January 1, 2008,for $210,000 in cash. The book value of Stokes' net assets on the date was $400,000, although one company's buildings, with a $60,000 carrying value, was actu..

  Impacts on the quality of accounting information

Why is measurement in the context of accounting so important

  Accounting objective questions

accounting objective questions, Which of the following is a cash flow from operating activities? A cash inflow from financing activities includes?

  Determining interest revenue

Chase Bank loans P+P Company $120,000 on a 1 year promissory note on July 1, 2009. The interest rate of this loan is 12%. The principle and interest are due in one year. The journal entry to accrue interest earned on 12-31-09 is:

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Business processes and control

Of all the business processes in the Accounting Information Systems (AIS), which do you think is the hardest to control and why? Be specific in your discussion of internal controls.

  Computing return on equity

If a company has a return on equity of 25% and wants a growth rate of 10%, how much of ROE should be retained.

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