0
Hi,
Non current Liabilities is under the section of Liabilities Section, thus, it has to be reported under Liabilities of the balance sheet.
ASSETS
cash and cash equivalents xxxx
trade receivables xxxxx
xxxxx xxxxxx
LIABILITIES and SHAREHOLDER'S EQUITY
Current Liabilities:
xxxxx xxx
xxxxx xxx
Total Current Liab. xxxx
Non-Current Liablilities:
xxxxx xxx
xxxxx xxx
Total Non-Current Liab. xxxx
LIABILITIES xxxxx
Add your answer:
Earn +20 pts
Sam reported total assets of 1903000 and non current assets of 894410 He also reported a current ration of 1.60 What amount of current liabilities did he report?
Current assets = total assets - long term assets Current assets = 1903000 - 894410 Current assets = 1008590 Current ratio = 1.6 Current ratio formula = Current asset / Current liabilities 1.6 = 1008590 / Current liabilities Current liabilities = 1008590 / 1.6 Current liability = 630369
What is the difference between accounting balance sheet and economic balance sheet?
Straight from my text, the difference is that an accounting balance sheet omits significant assets and liabilities and the accounting balance sheet does not report all assets and liabilities at their market value (the accounting balance sheet records a book value; ie the dollar value paid for an item). With respect to which assets and liabilities that are omitted, I am not sure.
What is the two forms of balance sheet?
The report form style of the balance sheet shows assets, liabilities and stockholder's equity in a "downward" or vertical formation. In an account form style of the balance sheet, the assets are on the left side where the liabilities and stockholder's equity show on the right side or in a "horizontal" presentation.
Do you report unearned revenue on the income statement?
Unearned revenue is liability for business as amount is received but services are not provided that's why it is liability until it is earned and shown in balance sheet.
A balance sheet are presented on a page in a downward sequence is called the form?
The form of the balance sheet in which assets, liabilities, and stockholders' equity are presented in a downward sequence is called the report form.
How Report-form and account-form balance sheets differ?
Presentation form of a balance sheet, which generally follows one of two formats: (1) the traditional form called the account form, which presents assets on the left and liabilities and owner's equity on the right; and (2) the report form, which presents assets above, liabilities and stockholders' equity below. Both types of format are widely used.
How do you find garnishment balance?
You can find your garnishment balance by contacting the court who issued the garnishment or the creditor who put the garnishment on your wages. You could also pull a credit report to see your current balance.
How report form and account form differ?
Presentation form of a balance sheet, which generally follows one of two formats: (1) the traditional form called the account form, which presents assets on the left and liabilities and owner's equity on the right; and (2) the report form, which presents assets above, liabilities and stockholders' equity below. Both types of format are widely used.
What does a balance sheet contain?
a balance sheet is a snapshot of an entity, i.e. it is information particular to a specific point in time as opposed to a report containing info over a period of time. for instance, a balance sheet will tell you the amount of your bank account balance, but it won't tell you how it got so low. with that said, a balance sheet simply contains a listing of your assets, liabilities/debts, and equity/net worth.
What section of the report does the list of sources follow the support section or introduction or closing section?
The list of sources is at the very end of the report, after the closing section.
How should governments report fiduciary fund balance and income in government-wide statements?
Governments should report fiduciary fund balance in government-wide statements as assets and liabilities held in trust for a specific beneficiary relationship. Fiduciary fund income should be reported as revenue generated from the fiduciary activities.
In which section of the senior rater portion of an evaluation report?
The senior rater portion of an evaluation report typically includes an assessment of the rated officer's performance and potential for promotion. This section offers the senior rater's overall evaluation and recommendations based on the officer's performance and potential in their current role and future assignments.
