Unearned revenue, for services to be performed in six months, appears on the balance sheet as ________.
A) long-term investments
B) current liabilities
C) current assets
D) long-term assets
B) current liabilities
You might also like to view...
Which of the following best illustrates a job opening being filled in a hidden job market? A. Naomi found a job as an assistant fashion designer through a friend who works as afashion photographer for a company
B. Nathan found a job in a multinational company after he applied for it on the company'sWeb site. C. Carla found a sales job in a departmental store through an advertisement in the localnewspaper. D. Walter found a job as a marketing executive in an automobile company through a private employment agency.
Compared to corporations, what is the primary disadvantage of partnerships as forms of business organizations??
A. ?The tax rates applied to partnerships are higher than the tax rates applied to corporations. B. ?Any dividends paid to the owners of a partnership business are taxed twice, once at the partnership level and once at the personal, or individual level. C. ?Partnerships generally are more complex to form (start up) than corporations. D. ?Partnerships have unlimited lives whereas corporations do not. E. ?The owners of a partnership, that is, the partners, have unlimited liability when it comes to business obligations whereas the owners of a corporation have limited liability.
In a maximization problem, if a variable is to enter the solution, it must have a negative coefficient in the Cj - Zj row
Indicate whether the statement is true or false
Secure Loan Company has notice that a promissory note is overdue if the note is a demand instrument and Secure Loan takes it
a. an unreasonable time after its due date. b. before its due date. c. on its due date. d. without noticing its due date.