Why is interest ignored when recording accounts payable

Assignment Help Finance Basics

Reference no: EM131342700

1. Why is interest ignored when recording accounts payable?

2. How is interest computed on an interest-bearing short-term note?

3. When would debt that must be repaid within the next year be classified as longterm instead of current?

4. What do we mean by accrued liabilities? Provide some common examples.

Reference no: EM131342700

Questions Cloud

Compare and contrast the personalities of ultima and narciso : Compare and contrast the personalities of Ultima and Narciso. (b) How does Ultima's brand of magic differ from Narciso's? (c) How are they alike?

What are contingent liabilities provide an example : Why do unearned revenues and customers' deposits qualify as liabilities?- What are contingent liabilities? Provide an example.

Eradicated from the population : Huntington's disease affects individuals late into adulthood. Given what you know about how Natural Selection works, explain why Huntington's disease hasn't been eradicated from the population.

Write about the book the prophet by khalil jibran : Write about the book "The Prophet" by Khalil Jibran. Tour task is to learn what you can about the poet, the poet's place in and contributions to American poetry and the place of the book within the poet's oeuvre.

Why is interest ignored when recording accounts payable : Why is interest ignored when recording accounts payable?- How is interest computed on an interest-bearing short-term note?

Population in lake maracaibo in venezuela : The mutation for Huntington's disease appears to have originated in Western Europe, with a prevalence of 7 in 100,000 people. However, an isolated population in Lake Maracaibo in Venezuela, of European descent, have an increased prevalence of 700 ..

Difference between an account payable and a note payable : What is the difference between an account payable and a note payable?- What sort of transaction typically creates an account payable?

Produce normal version of huntingtin protein : You are studying which of the multiple steps in gene expression you could tweak in order to produce a normal version of the huntingtin protein despite having the allele with the mutation. Which step in gene expression would be the most promising?

How is the amount of a liability measured : What are liabilities?- How is the amount of a liability measured?- When are most liabilities recognized?- What are current liabilities? Provide some common examples.

User Account

All Pages