When preparing the balance sheet for Papago Co. for December 31, 2018, which item would not be classified as a current liability?
A. Note payable due March 1, 2020
B. The current portion of a 30-year mortgage
C. Income taxes due on September 15, 2019
D. Accounts payable
Answer: A
You might also like to view...
According to the text, while there is no single, optimal number, traditional guidelines suggest that there should be between ________ categories when using itemized rating scales
A) one and four B) five and nine C) 10 and 14 D) 12 and 15 E) 15 and 19
In a corporation that has many businesses, the corporation needs one ______.
A. corporate strategy B. business strategy C. functional strategy D. divisional strategy
In solution selection, group interaction and the achievement of consensus usually results in the acceptance of more ________ than would be accepted by an individual decision maker.
A. innovation B. risk C. novelty D. accountability
Which of the following is a unique feature of the citizenship component of corporate social responsibility?
A. It demands that organizations follow the prescribed ethical codes for their business. B. It argues that organizations should contribute resources to improve the quality of life in the communities in which they work. C. It proposes that law represents society's codification of right and wrong and must therefore be followed. D. It ensures legal compliance so that a company's reputation is protected against allegations like violation of intellectual property rights or labor laws. E. It represents the conventional level of moral development.