Which of the following accounts could not be classified as a current liability?
A. Accounts payable.
B. Notes payable (due in 11 months).
C. Unearned revenues.
D. Notes payable (due in 5 years).
E. Current portion of long-term note payable.
Answer: D
You might also like to view...
______ theory explains the behavior of organizations in terms of their dependence on external constituencies.
A. Supply-side B. Isomorphism C. Market failure D. Resource dependence
Miller Brewing, which was acquired by Philip Morris, was related to the parent company's tobacco business because it was possible to create important marketing commonalities: both beer and tobacco are mass market consumer goods in which brand positioning, advertising, and product development skills are crucial to create successful new products. This is an example of which of the following?
A. Transferring competencies B. Leveraging competencies C. General organizational competencies D. Economies of scope E. Organizational design skills
Davis Corporation borrowed $50,000 on January 1, Year 1. The loan is for a 10-year period and has an annual interest rate of 9%. At the end of each year, Davis will make a payment of $7,791, which includes both principal and interest. With this loan, the amount of interest expense that Davis reports on its income statement will be the same for each year of the loan.
Answer the following statement true (T) or false (F)
Federal diversity jurisdiction exists when:
a. a lawsuit is between citizens of different states. b. the amount in controversy, exclusive of interest and all costs, exceeds $75,000. c. either that a lawsuit is between citizens of different states or the amount in controversy, exclusive of interest and all costs, exceeds $75,000. d. a lawsuit is between citizens of different states, and that the amount in controversy, exclusive of interest and all costs, exceeds $75,000.