5.The kind of debts which are needed to be repaid in a short term is known as? A. Fixed Liabilities B. Current Liabilities C. Depreciating Assets D. Intangible Assets
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- 5. On the balance sheet, liabilities are generally classified as a. current or long term b. legal or nonlegal c. material or immaterial d. probable or estimatedPlease solve this Accounting MCQ 1.5w.com/takeAssignment/takeAssignmentMain.do?invoker= &takeAssign On the balance sheet, liabilities are generally classified as O legal or nonlegal. O probable or estimated. current or long-term. material or immaterial.
- Which of the following is an example of a non-current asset?A) Accounts ReceivableB) InventoryC) EquipmentD) Accounts PayableWhich of the following is typically recorded at its present value? a. long-term investments b. long-term liabilities c. intangible assets d. contigent liabilitiesUnder which of the following categories would Accounts Receivable appear? A. long−term assets B. current assets C. long−term liabilities D. current liabilities
- In the balance sheet, assets are listed by ___? A. The importance of the asset B. their date of purchase C. the order of liquidity D. The value of the assetsWhich of the following is classified as a current asset?a) Equipmentb) Accounts Receivablec) Accumulated Depreciationd) Bonds PayableGive Explanation: Which of the following is classified as a current asset?a) Equipmentb) Accounts Receivablec) Accumulated Depreciationd) Bonds Payable