What are the various types of long term liabilities? Name them.

Q: equired How much is the total current liabilities and non-current liabilities?

A: The current liabilities are due and payable within one year and non- current liabilities are due and…

Q: What are Contingent Liabilities?  Give an example.  What are the factors that determine the reason…

A: A liability, the occurrence of which is uncertain that is it may or may not occur is known as a…

Q: Difference between current and long term liabilities?

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: What distinguishes current liabilities from long-term liabilities?

A: Liabilities Liabilities are referred to as the obligations of the business towards the creditors for…

Q: Explain the characteristics of  liabilities.

A: Liabilities:   It refers to the debts owed by the business for outside entities as a result of…

Q: How much is the estimated payment to liabilities with priority?

A: The determination of estimated payment to Liabilities with priority is shown hereunder : The…

Q: Potential liabilities that depend on future events arising out of past events are calleda.…

A: Current liabilities: Current liabilities are the liabilities that are payable within a period of…

Q: Describe the obligations of long term liabilities.

A: Long-term liabilities: Long-term liabilities are obligations that the company needs to pay after at…

Q: Define current liabilities.

A:

Q: What are the current liabilities? Give some examples of current liabilities?

A: Definition: Liabilities: The claims creditors have over assets or resources of a company are…

Q: In what way do current liabilities and long-term liabilities differ from each other?

A: Current liabilities are liabilities that are due within one year. In other words, current…

Q: Give the examples of Accrued liabilities.

A: Accrued liabilities:   The accrued liabilities means that the amount will be paid in the future…

Q: Give a numerical example of: Current liabilities. Long-term liabilities

A: Introduction: Current liability: These also called as short term liabilities. Liabilities which are…

Q: Discuss the different types of non-current liabilities.

A: Non-current liabilities, or long-term debts, are payments that become due after 12 months. Since…

Q: Bell Company provided the following trial balance on December 31, 2019 which had been adjusted…

A: Current liabilities: Liabilities that have to be paid within one year or one operating cycle,…

Q: Debits Credits Cash 22500 Marketable securities 55000 Accounts receivable 30000 Allowance for…

A: current Assets : It is asset which is expected to be used, Consumed within a year. it includes cash…