User Account

All Pages

Prepare the current liabilities section of the balance sheet

Assignment Help Accounting Basics
Reference no: EM131596916

Problem - Current Liabilities

Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2016. These new subscribers will receive monthly issues, beginning in January 2017. In addition, the business had taxable income of $840,000 during the first calendar quarter of 2017. The federal tax rate is 40%. A quarterly tax payment will be made on April 12, 2017.

Prepare the Current Liabilities section of the balance sheet for Bon Nebo Co. on March 31, 2017.

Bon Nebo Co.

Current Liabilities Section of Balance Sheet

March 31, 2017

Current liabilities:

Federal income taxes payable $

Advances on magazine subscriptions $

Total current liabilities $

Reference no: EM131596916

Questions Cloud

What is the frequent rate : You have just been hired as the human resources (HR) manager by your company's chief executive officer (CEO). During your interview process.
Should individuals lose their right to a due process : Could individuals lose their right to a due process? Should individuals lose their right to a due process? Does the end justify the means?
Calculate the total amount of her self-employment tax : Assuming that Emily earns $20,000 from her practice, calculate the total amount of her self-employment tax liability for the current tax year
The goal of the descriptive essay is to paint a picture : The goal of the descriptive essay is to paint a picture with your words. By using sensory details, you can make a scene come alive for your reader.
Prepare the current liabilities section of the balance sheet : Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2016. Prepare the Current Liabilities section of the balance sheet for Bon
Explor the wellness through the interdisciplinary lens : You'll be exploring wellness through the Interdisciplinary Lens of Environmental Studies, which include urban design, public planning, and the environment.
Formulate a talent management strategy : Formulate a talent management strategy to encompass the entire talent requirements of the organization.
Evaluate virtual child pornography from ethical standpoint : Virtual child pornograthy is a term given to video depictions of child-child sexual activity. Evaluate virtual child pornography from an ethical standpoint.
Ceate a new document to use as the draft : Create a new document to use as the draft for your final paper. You cannot use the work you submitted earlier for review.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

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

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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