A payable is a current asset. True/False?
Question:
A payable is a current asset. True/False?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
False A payable is not a current asset it is a current liability In accounting payable...View the full answer
Answered By
User l_998468
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions 1. Provisions for risks and liabilities are recorded (a) In the expenses (b) In the revenues (c) In the shareholders equity and liabilities (d) As a contra-asset (e) None of...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Multiple Choice Questions Select the right answer (only one possible answers unless otherwise stated). 1 The statement of financial position/balance sheet emphasizes the dynamics of the cash flowing...
-
1. Give the format of HTTP request message. 2. Give the format of HTTP response message.
-
Below is the net income of Anita Ferreri Instrument Co., a private corporation, computed under the three inventory methods using a periodic system. (a) Assume that in 2015 Ferreri decided to change...
-
Following is a summary of Kellys bank account for the year ended 31 December 19X7: All of the business takings have been paid into the bank with the exception of 9,630. Out of this, Kelly has paid...
-
The European market is a good for a British manufacturer. The problem is that sales are falling as Sterling strengthens against the Euro. What can the British manufacturer do to protect it sales? LO.1
-
A major airline manufacturer was found to be in violation of FAA safety rules and was forced to install additional safety devices in each of its planes within six months. The airline company projects...
-
Madison Company issued an interest-bearing note payable with a face value of $9,600 and a stated interest rate of 8% to Metropolitan Bank on August 1, Year 1. The note carried a one-year term. Based...
-
Money paid for the next financial year's rent is a current asset. True/False?
-
A receivable is a current asset. True/False?
-
Use the graph of f to find (a) The largest open interval on which f is increasing and (b) The largest open interval on which f is decreasing. TI -6- 4 2 -2 -2 y -4 2 4 4 ign X
-
1. Mainland purchased a machine for $85,000 on 1 January 20x7 and assigned it a useful life for 10 years. On 31 March 20x9 it was revalued to $93,000 with no change in useful life. Complete the table...
-
Find the equation of the regression line and identify a characteristic of the data that is ignored by the regression line X 10 8 13 9 11 14 6 4 12 7 5 Y 7.46 6.77 12.74 7.11 7.81 8.84 6.08 5.39 8.15...
-
For each of the following independent cases, fill in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Case Direct Labor...
-
All views expressed in this paper are those of the authors and do not necessarily represent the views of the Hellenic Observatory or the LSE George Alogoskoufis Greeces Sovereign Debt Crisis:...
-
Current Attempt in Progress Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,812,000 on March 1, $1,212,000 on June 1,...
-
1. Of the "Reasons for Acquisitions" section in the chapter, which reasons are the primary drivers of Cisco's acquisition strategy? 2. Of the acquisitions Cisco has completed, which ones are...
-
B.) What is the approximate concentration of free Zn 2+ ion at equilibrium when 1.0010 -2 mol zinc nitrate is added to 1.00 L of a solution that is 1.080 M in OH - . For [Zn(OH) 4 ] 2- , K f = 4.610...
-
The summarised balance sheet of Wiley-Fox Ltd at 30 November 20*8 is given. On 1 December 20*8 Wiley-Fox Ltd issued a further 100,000 ordinary shares at 40 pence per share. On the same date the...
-
The summarised balance sheet of Smith-Patel Ltd at 31 March 20*8 is given. On 1 April 20*8 Smith-Patel Ltd issued a further 200,000 1 ordinary shares at 1.50. On the same date the company revalued...
-
The summarised balance sheet of Trosh Ltd at 31 October 20*8 is given. On 1 November 20*8 Trosh Ltd issued a further 200,000 ordinary shares at 1.75 each. Required Prepare a summarised balance sheet...
-
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
-
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
-
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...
Study smarter with the SolutionInn App