What is the total amount of current liabilities? Refer to the following liability balances of December 31, 2022, for EagleCorporation:LiabilityAccounts payableAmount$18,000Employee health insurance payable$900Employee income tax payable$1,200Estimated warranty payable$2,000Long-term notes payable (Due 2024)$35,000FICA-OASDI taxes payable$1,400Sales tax payable$800Mortgage payable (Due 2025)$15,000Bonds payable (Due 2026)$55,000Current portion of long-term notes payable $10,000What is the total amount of current liabilities?

Explanation of Current Liabilities: Current liabilities are debts or obligations that must be paid…

Answered: Refer to the following 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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Refer to the following list of liability balances t December 31, 2024. $23,000 Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2025) Long - Term Notes Payable (Due 2028) FICA-OASDI Taxes Payable Sales Tax Payable 450 1,100 1,000 38.000 660 870 Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long - Term Notes Payable 8,000 53,000 11,500 What is the total amount of current liabilities? O A. $27,080 O B. $38,580 OC. $25,980 OD. $24,980
Refer to the following list of liability balances at December 31, 2018: Accounts Payable $ 13,000.00 Employee Health Insurance Payable $ 450.00 Employee Income Tax Payable $ 400.00 Estimated Warranty Payable $ 600.00 Long-Term Notes Payable (Due 2020) $ 33,000.00 FICA-OASDI Taxes Payable $ 560.00 Sales Tax Payable $ 370.00 Mortgage Payable (Due 2030) $ 6,000.00 Bonds Payable (Due 2021) $ 53,000.00 Current Portion of Long-term Debt $ 3,500.00 What is the total amount of current liabilities? A $ 14,980.00 B $ 14,380.00 C $ 15,380.00 D $ 18,880.00
None
Refer to the following list of liability balances at December 31, 2019. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2020) Long-Term Notes Payable (Due 2022) FICA OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2023) Bonds Payable (Due 2024) OA. $40,000 B. $105,000 C. $49,000 te to O D. $96,000 $20,000 850 1,100 1,300 40,000 1,260 570 9,000 56,000
What is the total amount of current liabilities?? General accounting
What is the total amount of current liabilities??
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:…
The Snella Company reports 2023 Pre-tax Net Income of $10,000. The following items exist: Premiums Paid for Key Officer Life Insurance Accrued Revenues Unearned Revenues $ 200 $ 80 $ 50 The tax rate is 20%, Indicate the amounts for 2023 Income Tax Expense and 12/31/23 Income Tax Payable, respectively: Select one: a. $2,040, $2,034 b. $1,960, $1,934 Oc. $1,960, $1,986 d. $2,040, $1,986 e. $2,034, $2,034
acc
Refer to the following list of liability balances at December 31, 2017. Accounts payable Employee health insurance payable Employee income tax payable $ 22,000 $1,450 $ 400 Estimated warranty payable $ 1,200 Long-term notes payable (Due 2021) $ 37,000 FICA-OASDI taxes payable $ 1,560 Sales tax payable $ 1,270 Mortgage payable (Due 2022) $ 7,000 Bonds payable (Due 2023) Current portion of long-term notes payable a. $27,480 $ 53,000 $ 7,500 b. $35,380 c. $26,280 d. $27,880
Current Attempt in Progress Presented here are liability items for O'Brian Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $157,000 20,000 900,000 240,000 41,000 FICA taxes payable Interest payable Notes payable (due 2024) Income taxes payable Sales taxes payable Prepare the liabilities section of O'Brian's balance sheet. $7,800 40,000 80,000 3,500 1,700 O'BRIAN INC. Balance Sheet (Partial) GA
What is the total amount of current liabilities?

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