common current liabilities include: multiple select question. sales tax payable notes payable due in two years prepaid insurance deferred revenues the current portion of long-term debt

Question

28-10-2022
Business

Answered

common current liabilities include: multiple select question. sales tax payable notes payable due in two years prepaid insurance deferred revenues the current portion of long-term debt

Answer :

Other Questions

From the following list, identify the accounts that should be closed to Retained Earnings at the end of the fiscal year: a. Accounts Payable b. Accumulated Depr

Which of the following would constitute other areas of specialization in real estate brokerage, other than residential sales? A) commercial property sales B) in

All of the following are true regarding the reduced paid-up insurance nonforfeiture option for life insurance policies, EXCEPT: O With the reduced paid-up insur

According to the Uniform Securities Act, investment advisers are required to maintain their books and records for: a.Three years with the most recent two years

if deferred revenue will be greater than accounts receivable/inventory, then you will be better off claiming accrual method

New employment relationships (Engage) Select the correct term for each of the missing labels in this diagram.

Which journal entry below shows how the allowance method would be implemented for an uncollectible account or a customer owing $15,000 to the company? DATE ACCO

Using the allowance method, what is the correct amount of a company's bad debt expense for the year, given the above information? O $38,000 O $36,480O $42,750 O

*Violating the Federal law that prohibits certain acts in the business of insurance is punishable by a fine up to: A)$2,000 B) $8,000 C) $50,000 D)$100,000

You have clothes in account due to fraudulent activity what else should you do to best protect yourself?

JitSen257 JitSen257 · Answer 1 · 2022-11-02T04:02:02-04:00

The current component of a note payable, accounts payable, unearned income, and taxes payable are examples of common current liabilities. As a result of a prior business activity and a payment or disbursement due in less than a year, each of these liabilities is current.

What are the elements of current liabilities?

The total of the following items constitutes current liabilities: Notes Payable, Accounts Payable, Short-Term Loans, Accrued Expenses, Unearned Revenue, Current Portion of Long-Term Debts, and Other Short-Term Debts.

What five liabilities are current?

Current assets are assets that are depleted within a year, and they are often used to settle current liabilities. Accounts payable, short-term loans, dividends, and notes payable are a few examples of current obligations. Income taxes are also included in this category.

Learn more about current liabilities here:

https://brainly.com/question/24130118

#SPJ4