Acc400 Week 3

Week 3 Individual - Ch. 10 1, 7, 8, & 19; BE10-1; BYP10-1 Ch. 11: BYP11-10, 11-1 1. Georgia Lazenby believes a flow liability is a debt that remove be expected to be paid in integrity class. Is Georgia correct? Explain. Yes, a underway liability is a short-term liability that is to be paid within the report cycle which is one year or less. 7. (a) What atomic number 18 long-run liabilities? Give two examples. Long-term liabilities are debts that are not to be paid within an accounting cycle (one year or less) Two examples of long-run liabilities are owes and start up business loans. (b) What is a hamper? A cleave written report is a long term liability that is used by a company as capital. It is repaid by the company to an investor.   8. line of business these types of bonds: (a) Secured and unlatched. A secured bond is endureed by collateral and an unsecured bond is not backed with collateral. Collateral is represented with asse ts that are surrendered if the bond is not repaid. (b) Convertible and callable. A convertible bond butt be converted into stock by an investor and a callable bond is one that can be bought back by the company from the investor before the bond r to from each one onees maturity. 19. Valentin Zukovsky says that liquidity and solvency are the alike thing. Is he correct? If not, how do they differ? No.

Liquidity is a measure of how easily business assets can be converted to cash and solvency is the come up of profit a business has in comparison to its long-term debt. BE10-1 Kananga Company has these obligations at December 31: (a) a line of ! merchandise payable for $100,000 due in 2 years, (b) a 10-year mortgage payable of $200,000 payable in ecstasy $20,000 annual payments, (c) use up payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate whether it should be classified as a current liability. A. Not a current liability B. The first 20,000 payment is a current liability and the 180,00 balance is a long-term debt...If you motive to imbibe a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper