Scribd Logo
Upload

Welcome to Scribd!

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

    Uploaded by

    jahnhannalei marticio
    29 views1 page
    Current liabilities are obligations that are due within one year. Accounts payable are due to be paid from cash on hand and are therefore a current liability. Deposits on special orders and property dividends issuable within one year are also current liabilities. Serial bonds maturing within two years but paid from a noncurrent sinking fund are not a current liability.

    Original Description:

    Original Title

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

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Current liabilities are obligations that are due within one year. Accounts payable are due to be paid from cash on hand and are therefore a current liability. Deposits on special orders and property dividends issuable within one year are also current liabilities. Serial bonds maturing within two years but paid from a noncurrent sinking fund are not a current liability.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    29 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 are due to be paid from cash on hand and are therefore a current liability. Deposits on special orders and property dividends issuable within one year are also current liabilities. Serial bonds maturing within two years but paid from a noncurrent sinking fund are not 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 customer 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

    You might also like