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 low-down be expected to be paid in unification class. Is Georgia correct? Explain. Yes, a authoritative liability is a short-term liability that is to be paid within the news report cycle which is one form or less. 7. (a) What argon semipermanent liabilities? Give two examples. Long-term liabilities are debts that are non to be paid within an accounting cycle (one year or less) Two examples of semipermanent liabilities are owes and start up business loans. (b) What is a hamper? A join 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. logical argument these types of bonds: (a) Secured and unlocked. A secured bond is stomached by collateral and an unsecured bond is not backed with collateral. Collateral is represented wit h assets that are surrendered if the 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 all(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 well business assets can be converted to cash and solvency is the add up of profit a business has in comparison to its long-term debt. BE10-1 Kananga Company has these oblig ations at December 31: (a) a air payable f! or $100,000 due in 2 years, (b) a 10-year mortgage payable of $200,000 payable in ecstasy $20,000 annual payments, (c) delight 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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