Accounts payable Bonds payable, due year 2 Deferred income tax liability Discount on bonds payable Dividends payable on 2/15/Y2 Income tax payable Notes payable, due 1/19/Y3 $19,000 34,000 4,000 2,000 5,000 9,000 6,000 The deferred income tax liability is based on temporary differences stemming from different depreciation methods for financial reporting and income taxes. In Gar's December 31, year 1 balance sheet, the current liabilities total was
Accounts payable Bonds payable, due year 2 Deferred income tax liability Discount on bonds payable Dividends payable on 2/15/Y2 Income tax payable Notes payable, due 1/19/Y3 $19,000 34,000 4,000 2,000 5,000 9,000 6,000 The deferred income tax liability is based on temporary differences stemming from different depreciation methods for financial reporting and income taxes. In Gar's December 31, year 1 balance sheet, the current liabilities total was
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...
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