Which of the following accounts is not classified as a current liability?
a. Note payable, due in three (3) years
b. Taxes payable
c. Salaries payable
d. Accounts payable
a
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A bond issue of $100,000 selling at 98, would require a journal entry including a
a. debit to Bonds Payable for $98,000. b. credit to Cash for $98,000. c. credit to Premium of Bonds Payable for $2,000. d. debit to Discount on Bonds Payable for $2,000.
Which type of skill is necessary, according to systems theorists, for understanding how an organization’s departments interrelate?
a. people b. information systems c. conceptual d. technical
Hampton Inn has developed a way to identify guests who appear to be cheating and give them a lot of personalized attention and follow-up from the company
Indicate whether the statement is true or false
An arrangement in which a third party promises to be primarily liable with the borrower for the payment of the borrower's debt is referred to as a(n) ________
A) garnishment B) accommodation C) surety arrangement D) guaranty arrangement