Which criterion of liability be classified as non-current

Assignment Help Accounting Basics
Reference no: EM132779433

Problem 1: A liability will be classified as 'non-current' if it satisfies which of the following criterion?

Select one:

a. due to be settled more than twelve months after the statement of financial position date.

b. expected to be settled in the entity's normal operating cycle.

c. it is held primarily for the purposes of being traded.

d. due to be settled within twelve months of the balance date.

Reference no: EM132779433

Questions Cloud

What amount of the available cash should be distributed : The partners have decided to liquidate the partnership. If the other assets are sold P385,000, what amount of the available cash should be distributed to BBB
What type of shipping method : What type of shipping method should be used, and why? What are cycle stock and safety stock? Should it have either?
What are mnos cdma communication types : What are the two main handset communication types and their purposes? What are MNOs CDMA Communication Types? What are MNOs GSM Communication?
What is the conversion premium of the bond : Mark immediately disagrees, arguing that convertible bonds are a no-win form of financing. What is the conversion premium of the bond
Which criterion of liability be classified as non-current : A liability will be classified as 'non-current' if it satisfies which of the following criterion? it is held primarily for the purposes of being traded.
Different types of barriers : Compare and contrast the different types of barriers that might be used to protect openings in a floor at a production facility.
How the os processes data and interacts with the hard drive : For this assignment, describe the functions of the OS with greater detail. Describe how the OS processes data and interacts with the hard drive and RAM.
Which statements relating to emphasis of matter : Which statements relating to Emphasis of Matter and Other Matter paragraphs is most correct? Readers of auditor reports can use the information reported
Different types of tribometers : Compare and contrast the different types of tribometers. In your opinion which of the tribometers best represents the slip resistance of a surface?

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.

  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!

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