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Examen
5110 Accounting questions and answers with grade A+ and real and accurate solutions
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---6febrero 20232022/2023A+
- long-term liabilities - ANSconsist of probable future sacrifices of economic benefits arising from present obligations that are not payable within a year or the operating cycle of the company, whichever is longer. 
 
examples of long term liabilities - ANSBonds payable 
Notes payable 
Mortgages payable 
Deferred taxes 
Certain contingencies 
Pension liabilities 
Lease liabilities 
 
Reasons for Issuance of Long term liabilities - ANS1. debt financing = only available source of funds 
2. debt ...
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$8.49 Más información
nighthawk117
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Examen
5110 Accounting questions and answers with grade A+ and verified solutions
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---7febrero 20232022/2023A+
- Included in Cash: - ANS-coins and currency 
-checking accounts 
-savings accounts 
- negotiable checks 
- bank drafts 
 
excluded from cash - ANS- sinking funds 
- certificates of deposit 
- bank overdrafts 
- postdated checks 
- travel advances 
- cryptocurrencies 
 
cash equivalents - ANSShort-term, highly liquid investments that are readily convertible into known amount of cash and near their maturity (90 days) when purchased (e.g. commercial paper, T-bills, money market funds) 
 
receiv...
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$8.89 Más información
nighthawk117