Home / Questions / Listed below are several terms and phrases associated with current liabilities
Listed below are several terms and phrases associated with current liabilities. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.
|
|
List A |
List B |
|
_____ |
1. Cash, short-term investments, and accounts receivable all divided by current liabilities. |
a. Recording a contingent liability b. Disclosure of a contingent liability c. Interest expense |
|
_____ |
2. Loss is probable and can be reasonably estimated. |
d. FICA e. Commercial paper |
|
_____ |
3. Gift cards. |
f. The riskiness of a business’s obligations |
|
_____ |
4. Long-term debt maturing within one year. |
g. Current portion of long-term debt h. Unearned revenues |
|
_____ |
5. Social Security and Medicare. |
i. Acid-test ratio |
|
_____ |
6. Interest expense is recorded in the period interest is incurred rather than in the period interest is paid. |
j. Accrual accounting |
|
_____ |
7. Loss is reasonably possible and can be reasonably estimated. |
|
|
_____ |
8. Incurred on a notes payable. |
|
|
_____ |
9. Unsecured notes sold in minimum denominations of $25,000 with maturities up to 270 days. |
|
|
_____ |
10.Classifying liabilities as either current or long-term helps investors and creditors assess this. |
|
Jan 27 2020 View more View Less
Economists use labor-market data to evaluate how well an economy is using its most valuable resource—its people. Two closely watched statistics are the unemployment rate ...
Jul 16 2021A glycerol molecule and three butyric acid molecules are shown below. Delete atoms and add bonds as necessary to form a triacylglycerol (triglyceride).
May 21 2021The term market mechanism refers toa. The use of market prices and sales to signal the desired output.b. Resource allocation based on a production possibilities curve.c. ...
Apr 22 2021On October 1, 2014, Santa Corporation declared and issued a 10% stock dividend.Prior to this date, Santa had 80,000 shares of $5 par common stock outstanding.The market p...
Jun 02 2021On January 1, 2019, VVV Company issued $2,200,000 of 12-year, 4% coupon bonds. The yield to maturity is 2%, and the bonds pay interest semi-annually. What is the selling ...
May 17 20201 The sum of the series 2.0 3 n²+n + = 1 IS 20 Select one: a. 4 O b. 3 O C. 5 O d. min If the region bounded by * = 4 and x = y, is revolved about the y-axis. What is th...
Apr 25 2021A projectâs cash flows are $100,000 per year from years 1 through 6. Between years 6 and 7 these cash begin to grow at 5%. You expect this growth to continue forever. W...
Jun 20 2021Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Demand Forecast Period Overtime Subcontract Regular Time 30 30 40 15...
Aug 22 2020Cell-Phones: Are They Really There?FACTSAmy Rothbaum (plaintiff) and others brought suit against Samsung Telecommunications (defendant) because they alleged that Samsung ...
Jul 27 2021A Turkey of a SandwichFACTSStanley Pinkham ate a hot turkey sandwich during his break as a line cook at Dysart's Truck Stop and Restaurant. Cargill, Inc. manufactured the...
Jul 27 2021