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Author Question: Which of the following accounts could be categorized as either a current or noncurrent liability ... (Read 80 times)

newbem

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on: Jul 6, 2018
Which of the following accounts could be categorized as either a current or noncurrent liability depending on date the debt is due?
 
  a. Notes payable and deferred taxes.
  b. Accounts payable and current portion of long-term debt.
  c. Deferred taxes and mortgages due in 30 years.
  d. Long-term warranties and accounts payable.

Question 2

Cash flow from operations represents the cash income from the company's business operations.
 
  Indicate whether the statement is true or false

Question 3

Broomfield Services cash count at the end of the day totals 1,230 and the cash register tape shows 1,120 . The amount of the change fund is 100 . What is the amount of the cash shortage or overage?
 a. 110 cash overage
   b. 10 cash shortage
   c. 210 cash shortage
   d. none of the answers listed.


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nickk12214

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

Posted another one can you check that one too? Thanks.

Answer to Question 3

d


newbem

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Reply 2 on: Jul 6, 2018
:D TYSM

sailorcrescent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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