Acc400 Week 3

Week 3 several(prenominal) - Ch. 10 1, 7, 8, & 19; BE10-1; BYP10-1 Ch. 11: BYP11-10, 11-1 1. Georgia Lazenby believes a course liability is a debt that deal be expected to be paid in unmatchedness class. Is Georgia correct? Explain. Yes, a afoot(predicate) liability is a short- bourne liability that is to be paid at heart the story cycle which is one class or less. 7. (a) What ar semipermanent liabilities? Give two examples. long liabilities are debts that are not to be paid within an accounting cycle (one stratum or less) Two examples of semipermanent liabilities are mortgages and start up stock loans. (b) What is a hamper? A trammel net write up is a long term liability that is used by a company as capital. It is repaid by the company to an investor.   8. argumentation these types of bonds: (a) Secured and unbolted. A secured bond is sanction by collateral and an unsecured bond is not support with collateral. Collateral is represented with assets that are surrendered if the bond is not repaid. (b) interchangeable and callable. A convertible bond butt be converted into stock by an investor and a callable bond is one that can be bought venture by the company from the investor forward the bond r to apiece onees maturity. 19. Valentin Zukovsky says that liquidity and solvency are the alike(predicate) 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 amount of proceeds a business has in comparison to its long-term debt. BE10-1 Kananga beau monde has these obligations at December 31: (a) a note due for $100,000 due in 2 years, (b) a 10-year mortgage collectible of $200,000 due in disco biscuit $20,000 annual payments, (c) interest payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each(prenominal) obligation, indicate whether it should be classified as a menstruation liability. A. Not a current liability B. The first 20,000 payment is a current liability and the 180,00 counterweight is a long-term debt...If you causality to get a ripe essay, order it on our website: Orderessay

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