Current liabilities differ from long-term liabilities based on:
A: the amount owed.
B: the financial situation of the creditor.
C: the interest rate charged.
D: when the debt is due.
E: current economic conditions.
A: the amount owed.
B: the financial situation of the creditor.
C: the interest rate charged.
D: when the debt is due.
E: current economic conditions.
举一反三
- Since payment is due within one year, the current portion of long-term debt should be reported separately in the long-term liabilities section of the balance sheet.
- Two common subgroups for liabilities on a classified balance sheet are: A: current liabilities and intangible liabilities. B: present liabilities and operating liabilities. C: general liabilities and specific liabilities. D: intangible liabilities and long-term liabilities. E: current liabilities and long-term liabilities.
- Liabilities are generally classified into current liabilities and long-term liabilities.
- In a merger, the acquiring firm assumes all liabilities of the target firm. Assumed liabilities include all but which of the following? A: Current liabilities B: Long-term debt C: Warranty claims D: Fully depreciated operating equipment E: Off-balance sheet liabilities
- Current<br/>liabilities when taken from current assets represent the equity of<br/>owners.()