What is the total amount of current liabilities? Refer to the following fat of liability balances of December 31, 2017.Accounts payable$22,000Employee health insurance payable$650Employee income tax payable$800Estimated warranty payable$1,500Long-term notes payable (Due 2021)$42,000FICA-OASDI taxes payable$1,160Sales tax payable$570Mortgage payable (Due 2022)$12,000Bonds payable (Due 2023)$63,000Current portion of long-term notes payable $12,500What is the total amount of current liabilities?A. $24,380B. $39,180C. $25,880D. $26,680

Step 1: Define Current LiabilityCurrent liability can be defined as the amount which our company is…

Answered: Refer to the following fat of liability…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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What is the total amount of current liabilities?? General accounting
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What is the total amount of current liabilities?? General accounting
What is the total amount of current liabilities??
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Presented here are liability items for Marin Inc. at December 31, 2017. Accounts payable $180,550 FICA taxes payable $8,970 Notes payable (due May 1, 2018) 23,000 Interest payable 46,000 Bonds payable (due 2021) 1,035,000 Notes payable (due 2019) 92,000 Unearned rent revenue 276,000 Income taxes payable 47,150 Sales taxes payable 4,025 Discount on bonds payable 1,955 Prepare the liabilities section of Marin's balance sheet. MARIN INC. Balance Sheet (Partial) December 31, 2017 Current Liabilities Accounts Payable Notes Payable Unearned Rent Revenue FICA Taxes Payable Interest Payable Income Taxes Payable Sales Taxes Payable Total Current Liabilities Long-term Liabilities Bonds Payable Less Discount on Bonds Payable Notes Payable Total Long-term Liabilities Total Liabilities
Sandhill Industries, Inc. reports the following liabilities (in thousands) on its January 31, 2025 balance sheet and notes to the financial statements. Accounts payable $3,220.9 Accrued pension liability-long-term 1,425.2 Property taxes payable 1,368.1 Bonds payable 2,171.2 Current portion of long-term debt 2,202.2 Income taxes payable 245.2 Notes payable-long-term 9,456.7 Mortgage payable 445.6 Federal income taxes payable 568.1 Salaries and wages payable 2,772.6 Unused operating line of credit 3,547.6 Warranty liability-current 1,827.3 Prepare the liabilities section of Sandhill's balance sheet at January 31, 2025. (Round answers in thousands to 1 decimal place, e.g. 52.7.) Current Liabilities Accounts Payable Property Taxes Payable Current Portion of Long-Term Debt Income Taxes Payable Federal Income Taxes Payable Salaries and Wages Payable Warranty Liability Total Current Liabilities Long-term Liabilities Bonds Payable Accrued Pension Liability Notes Payable Mortgage Payable Total…
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Presented here are liability items for kingbird inc.at December 31,2022 accounts payable 251200 notes payable (due may 1 2023) 3200 bonds payable (due 2026) 1440000 unearned rent revenue 384000 discount on bonds payable 65600 fica 12480 interest payable 64000 notes payable (due 2024) 128000 income taxes payable 5600 sales taxes payable 2720 prepare the liabilities section of kingbird's balance sheet
Aloha Company provided the following information on December 31, 2020: Carrying amount Tax base Accounts receivable 1,500,000 1,750,000 Motor vehicle 1,650,000 1,250,000 Provision for warranty 120,000 0 Deposits received in advance 150,000 0 The depreciation rates for accounting and taxation are 15% and 25% respectively. The deposits are taxable when received and warranty costs are deductible when paid. An allowance for doubtful accounts of P250,000 has been raised against accounts receivable for accounting purposes but such accounts are deductible only when written off as uncollectible. The entity showed accounting income before tax of P8,000,000 for 2020. The income tax rate is 30% Thre are no temporary differences at the beginning of the current year: Required:…
can you show me how to solve this problem for accounting? Presented here are long-term liability items for Metlock, Inc. at December 31, 2022. Bonds payable (due 2026) $660,000 Notes payable (due 2024) 90,000 Discount on bonds payable 28,000
Hensley, Inc. reports the following liabilities (in thousands) on its January 31, 2020, balance sheet and notes to the financial statements. Accounts payable$3,463.9 Accrued pension liability1,215.2 Taxes payable1,951.4 Bonds payable1,961.2 Current portion of long-term debt1,992.2 Notes payable—long-term9,246.7 Operating leases1,641.7 Mortgage payable435.6 Salaries and wages payable2,563.6 Unused operating line of credit3,337.6 Warranty liability— current1,617.3 Instructions Prepare the liabilities section of Hensley's balance sheet as at January 31, 2020.

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