Business

Valentin

3 March, 21:44

Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (You may select more than one answer)

A. Legal liability expected to be paid in 20 months.

B. Loan due in 18 months.

C. Bank debt due in 5 years.

D. FICA-Social Security Taxes Payable due in 40 days.

E. Sales taxes payable.

F. Portion of long-term note due in 1 month.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (You may ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

John, 25, just started contributing to his employer's 401 (k) plan and started an ira account. he is choosing to invest only in bonds and secure investments instead of high-risk stocks. is john pursuing a wise investment strategy?

What factors do u look at when which loan is best for you

Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource management, and financial management are called:

Two types of expenses

A company has $100,000 in "outstanding accounts receivable" and it uses the allowance method to account for uncollectible accounts. Experience suggests that 4% of outstanding receivables are uncollectible.

New Questions in Business

Beridze Manufacturing expects to produce 2900 units in January and 3100 units in February. Beridze budgets $35 per unit for direct materials.

What is customer relationship?

Ane eyring works for pharmameds, inc. jane is a physician-scientist who is responsible for running the pilot tests on pharmamed's new oral spray medication for individuals with adult onset diabetes.

2. Liquidity Consider the relative liquidity of the following assets: Assets 1. The funds in a savings account 2. A bond issued by a publicly traded company 3. A $5 bill 4.

Trimble Graphic Design receives $1,800 from a client billed in a previous month for services provided. Which of the following general journal entries will Trimble Graphic Design make to record this transaction?