ch of the following is not considered a current liability?a. Accounts Payableb. Unearned Revenuec. the component of a twenty-year note payable due in year 20d. current portion of a noncurrent note payable4. The following is selected financial data from Block Industries:CashAccounts receivableEquipment$20,00013,40010,6505,000sasuadxa pieda12,300Accounts payableUnearned revenueLong-term notes payableCommon stockRevenueSales tax payableInterest expenseDepreciation expense7,50010,00011,7006,0004,5001,000How much does Block Industries have in current liabilities?

There are three types of main components of a firm's balance sheet: 1)Owner's equity, 2) Liabilities…

lowing is not considered a current liability? a. Accounts Payable b. Unearned Revenue c. the component of a twenty-year note payable due in year 20 d. current portion of a noncurrent note payable 4. The following is selected financial data from Block Industries: Cash Accounts receivable Equipment Prepaid expenses Accounts payable Unearned revenue Long-term notes payable Common stock Revenue Sales tax payable Interest expense Depreciation expense $20,000 13,400 10,650 5,000 12,300 7,500 10,000 18,000 11,700 6,000 4,500 1,000 How much does Block Industries have in current liabilities?

lowing is not considered a current liability? a. Accounts Payable b. Unearned Revenue c. the component of a twenty-year note payable due in year 20 d. current portion of a noncurrent note payable 4. The following is selected financial data from Block Industries: Cash Accounts receivable Equipment Prepaid expenses Accounts payable Unearned revenue Long-term notes payable Common stock Revenue Sales tax payable Interest expense Depreciation expense $20,000 13,400 10,650 5,000 12,300 7,500 10,000 18,000 11,700 6,000 4,500 1,000 How much does Block Industries have in current liabilities?

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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