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  • Serial Bonds Maturing Within Two Years Which Are To Be Paid From A Sinking Fund Which Is Classified As Noncurrent

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    JAHNHANNALEI MARTICIO
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    Current liabilities are obligations that are due within one year. Accounts payable to be paid from cash on hand is the only current liability listed. Deposits on special orders and property dividends issuable within one year are also current liabilities. Serial bonds maturing within two years which will be paid from a noncurrent sinking fund are not considered a current liability.

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    accounting

    Original Title

    Serial Bonds Maturing Within Two Years Which Are to Be Paid From a Sinking Fund Which is Classified as Noncurrent

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    Current liabilities are obligations that are due within one year. Accounts payable to be paid from cash on hand is the only current liability listed. Deposits on special orders and property dividends issuable within one year are also current liabilities. Serial bonds maturing within two years which will be paid from a noncurrent sinking fund are not considered a current liability.

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    © All Rights Reserved
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    25 views1 page

    Serial Bonds Maturing Within Two Years Which Are To Be Paid From A Sinking Fund Which Is Classified As Noncurrent

    Uploaded by

    JAHNHANNALEI MARTICIO
    Current liabilities are obligations that are due within one year. Accounts payable to be paid from cash on hand is the only current liability listed. Deposits on special orders and property dividends issuable within one year are also current liabilities. Serial bonds maturing within two years which will be paid from a noncurrent sinking fund are not considered a current liability.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1.

    All of the following are current liabilities except

    a. Deposits on special orders from customers to be filled within one year


    b. Property dividends issuable, to be paid in inventory of the issuing firm within one year
    from the current statement of financial position date
    c. Serial bonds maturing within two years which are to be paid from a sinking fund which is
    classified as noncurrent
    d. Accounts payable to be paid from cash on hand

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