(Future interest is not reported as a liability until the accounting periods in which the interest has accrued.) A long-term (noncurrent) liability for the difference between 1) the total unpaid principal balance owed as of the date of the balance sheet, minus 2) the principal payments that...
a limited liability p a link of erroneous c a linux a lipid a a lism a a list of fishes from a list of tree contro a literal mind a little bit in with a little bit is not t a little bit of love a little bit a little bitty party a little boy asked hi a little detective a ...
Any principal that is to be paid within 12 months of the balance sheet date is reported as a current liability. The remaining amount of principal is reported as a long-term liability (or noncurrent liability). Example of a Mortgage Loan Payable Let’s assume that a company has a mortgage...
Which of the following is NOT a liability? A. accounts payable B. unearned revenue C. accumulated depreciation D. long-term debt Accounts: There are many accounts in an accounting system, and these are displayed through the chart of...
Answer to: Loans Payable is a current liability if it is payable within eleven and a half months. a. True. b. False. By signing up, you'll get...
Liability accountsrecord the amount a business owes on things like lines of credit or a mortgage Equityis the difference between Assets and Liabilities (also known as the book value of the business) Income accountsrecord money coming in, likerevenue ...
Liability的形容词是liable,通常用在be liable to do 或be liable to sb for sth 结构中,如“Face Amount” means in respect of a BA Instrument, the amount payable to the holder on its maturity, and in respect of a Documentary Credit, the maximum amount which the issuing Person is contingently...
(A) , liability(L), stockholders ’ equity (SE), revenue (R), or expense (E) item. (b) Classify each of the above accounts as a financing activity (F), investing activity (I), or operating activity (O). If you believe a particular account doesn’t fit in any of these activities...
Although a mortgage is a debt or liability to the borrower, it is an asset for the lender since the lender will receive interest payments from the borrower over the life of the loan. Interest payments made to a bank are similar to an investor earning interest ordividendsfor holding abondor...
Interest accrues on that amount, on the ongoing monthlymortgage insurance premiums, and on any financedclosing costsuntil the reverse mortgage becomes due and payable. The initial interest rate is higher than it is with the adjustable-rate plans, but the expected interest rate over time is lower...