Question
Hello, I need help, I have 6 questions. 1 st part: Companies have a significant amount of investment in long-lived assets, which include property, plant
Hello,
I need help, I have 6 questions.
1stpart: Companies have a significant amount of investment in long-lived assets, which include property, plant and equipment (commonly referred to as plant assets), and intangible assets.
Let's begin by talking about plant assets. Can you tell us what kind of plant assets are used in your company or place of business? Do you have an estimate of the amount invested in those plant assets?
Question 1: Let's begin by talking about plant assets. Can you tell us what kind of plant assets are used in your company or place of business? Do you have an estimate of the amount invested in those plant assets?
Question 2: Are all long-lived assets depreciable? Why, or why not?
Question 3: Let's discuss intangibles, which can be amortized over their useful lives. Please state some examples of intangibles and state their useful lives.
2ndpart: In this area, we will discuss different types of liabilities and understand how to account for and report those liabilities.
Why are liabilities classified on a balance sheet as current and noncurrent? Who wants to know? What is the benefit of knowing this information?
Question 1: Why are liabilities classified on a balance sheet as current and noncurrent? Who wants to know? What is the benefit of knowing this information?
Question 2: What happens if a current liability is misclassified in the balance sheet as long-term liability and vice versa?
Question 3: Why do companies issue bonds when they can issue stock? What are the advantages in issuing bonds?
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