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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- Please 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 Payable
- Under which of the following categories would Accounts Receivable appear? A. long−term assets B. current assets C. long−term liabilities D. current liabilitiesHow are gain contigencies reported in the financial statements? a. a contingent account receivable b. an accrued revenue c. a deferred revenue d. not at allIn 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 assets