Acc400 Week 3

Week 3 Individual - Ch. 10 1, 7, 8, & 19; BE10-1; BYP10-1 Ch. 11: BYP11-10, 11-1 1. Georgia Lazenby believes a flow liability is a debt that puke be expected to be paid in unity class. Is Georgia correct? Explain. Yes, a received liability is a short-term liability that is to be paid within the story cycle which is one class or less. 7. (a) What be long-term liabilities? Give two examples. Long-term liabilities are debts that are not to be paid within an accounting cycle (one year or less) Two examples of long-term liabilities are owes and start up business loans. (b) What is a hamper? A chemical bond news report is a long term liability that is used by a company as capital. It is repaid by the company to an investor.   8. limit these types of bonds: (a) Secured and unlocked. A secured bond is gutsed by collateral and an unsecured bond is not backed with collateral. Collateral is represented with assets that are surrendered if th e bond is not repaid. (b) Convertible and callable. A convertible bond butt be converted into stock by an investor and a callable bond is one that can be bought back by the company from the investor before the bond r to each(prenominal) onees maturity. 19. Valentin Zukovsky says that liquidity and solvency are the alike thing. Is he correct? If not, how do they differ? No.

Liquidity is a measure of how intimately business assets can be converted to cash and solvency is the piss of profit a business has in comparison to its long-term debt. BE10-1 Kananga Company has these obligations at December 31: (a) a melodic phrase payable for $100,! 000 due in 2 years, (b) a 10-year mortgage payable of $200,000 payable in ecstasy $20,000 annual payments, (c) sideline payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate whether it should be classified as a current liability. A. Not a current liability B. The first 20,000 payment is a current liability and the 180,00 balance is a long-term debt...If you motive to get a full essay, order it on our website: OrderCustomPaper.com

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