The Reserve for Encumbrances account is properly termed a
A: Long-term liability.
B: Budgetary account.
C: Current liability if paid
within a year; otherwise a long-term debt.
D: Reservation of fund
equity.
A: Long-term liability.
B: Budgetary account.
C: Current liability if paid
within a year; otherwise a long-term debt.
D: Reservation of fund
equity.
举一反三
- The Reserve for Encumbrances account is properly termed a () A: Fixed<br/>liability. B: Reservation<br/>of fund equity. C: Budgetary<br/>account. D: Current<br/>liability if paid within a year; otherwise, long-term debt.
- Since payment is due within one year, the current portion of long-term debt should be reported separately in the long-term liabilities section of the balance sheet.
- Translate the following special term into Chinese. "current liability"
- Тhе Аllоwаncе fоr Асcоuntіng Rеceivable аccount іѕ а(n) ( ) A: expense account B: liability account C: owner' s equity account D: contra asset account
- Long-term<br/>debt and equity instruments are traded in the ________ market? A: primary B: secondary C: capital D: money