In which section of the statement of financial position should employment taxes due for settlement in 15 months' time be presented? Ans - CURRENT LIABILITIES ***Can I ask why is the answer above the question is current liabilities though its 15 months settlement? Should it be noncurrent because of the normal operating cycle which is 12 months? thank you
In which section of the statement of financial position should employment taxes due for settlement in 15 months' time be presented? Ans - CURRENT LIABILITIES ***Can I ask why is the answer above the question is current liabilities though its 15 months settlement? Should it be noncurrent because of the normal operating cycle which is 12 months? thank you
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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In which section of the
Ans - CURRENT LIABILITIES
***Can I ask why is the answer above the question is current liabilities though its 15 months settlement? Should it be noncurrent because of the normal operating cycle which is 12 months? thank you
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