Bonds Payable should be classified as a long-term liability on a balance sheet unless the issue is
a. not maturing within one year of the balance sheet date.
b. maturing within one year of the balance sheet date and is to be paid by segregated assets that are classified as long-term assets.
c. maturing within one year of the balance sheet date and is to be retired by the use of current assets.
d. maturing within one year of the balance sheet date and is to be replaced by another bond issue.
C
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Social, ethical, and environmental responsibilities are increasingly being integrated into the:
A) strategic management process B) recruiting process C) governance process D) sustainability process E) regulatory process
The sentence, "Now that we've identified the problem, let's take a look at some solutions," is an example of
A) a problem statement for a presentation. B) a transition between major sections of a presentation. C) a statement of intent for a presentation. D) the main idea for a presentation. E) a redundant phrase that should be eliminated.
Which of the following statements regarding Company A is incorrect?
A. If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, once it has covered its fixed costs, net income will increase by $30 for each additional unit sold. B. Both if Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its break-even point in units is 36,000 units and if Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its variable expenses must be $20 per unit are incorrect. C. If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its break-even point in units is 36,000 units. D. If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its variable expenses must be $20 per unit.
In capital rationing, an initial screening of alternative proposals is usually performed by establishing minimum standards. Which of the following evaluation method(s) are often used?
A) Cash payback method and average rate of return method B) Average rate of return method and net present value method C) Net present value method and cash payback method D) Internal rate of return and net present value methods