The kind of debts which are needed to be repaid in a short term is known as? Fixed Liabilities Current Liabilities Depreciating Assets Intangible Assets
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- Which of the following is typically recorded at its present value? a. long-term investments b. long-term liabilities c. intangible assets d. contigent liabilitiesDefine current assets and current liabilities. Why are current assets and current liabilities separated from noncurrent assets and long-term liabilities on the balance sheet?Which of the following situations does not base an accounting measure on a present value? Prepaid insurance , leases, pensions or sinking funds
- Give an example of Current Asset, Current liabilities, Non Current Asset, Non Current LiabilitiesWhat distinguishes current liabilities from long-term liabilities?Which of the following is not included in the computation of profit or loss? Interest Expense on Plan Assets Actuarial Gains or Losses Settlement Gains or Losses Interest Expense on Asset Ceiling
- What is the term for allocation of fixed assets to expense? bad debts expense O depreciation expense O accrued expense O deferred expenserequired How much is the total current liabilities and non-current liabilities?Potential liabilities that depend on future events arising out of past events are calleda. contingent liabilities.b. estimated liabilities.c. current liabilities.d. long-term liabilities.
