10. In which part of Statement of Financial Position does the Salaries Payable belisted?a. Assetsb. Liabilitiesc. Owner's Equityd. Expenses11. The following are elements of Statement of Financial Position EXCEPT;a. Assetsb. Liabilitiesc. Equityd. Expenses12. It is a form of the Statement of Financial Position that is presented in ahorizontal format.a. Report formb. Account formc. Digital formd. Line form13. It is a form of the Statement of Financial Position that is presented in a verticalformat.a. Report formb. Account formc. Digital formd. Line form14. An item is considered current whena. It is expected to be used or converted into cas.n or to be paid for more thanone year.b. It cannot be converted or realizable into cash within a year.c. It is expected to be used or realizable into cash or to be paid within a year.d. It has an expected life for more than 12 months15. A non-current item isa. expected to be used/realizable into cash or to be paid for more than oneyear.b. Expected to be converted or realizable into cash within a year.c. expected to be used or paid within a year.d. item bought for readily consumption/ production.

Name: 10. In which part of Statement of Financial Position does the Salarie
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Description: 10. In which part of Statement of Financial Position does the Salaries Payable belisted?a. Assetsb. Liabilitiesc. Owner's Equityd. Expenses11. The following are elements of Statement of Financial Position EXCEPT;a. Assetsb. Liabilitiesc. Equityd. Ex

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Business

Accounting

10. In which part of Statement of Financial Position does the Salaries Payable be listed? a. Assets b. Liabilities c. Owner's Equity d. Expenses

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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