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Indicate the way each of the items listed below should be reported in a balance sheet at December 31, 2021. asset current liability disclosure note
Indicate the way each of the items listed below should be reported in a balance sheet at December 31, 2021.
asset
current liability
disclosure note only
long term liability
not reported
Reporting method | |
commercial paper | |
noncommitted line of credit | |
customer advances | |
estimated quality assurance warranty cost | |
accounts payable | |
Long Term bonds that will be callable by the creditor in the upcoming year unless an existing violation is not corrected | |
Note due March 3 2022 | |
Interest accrued on note December 31, 2021 | |
Short-term bank loan to be paid with proceeds of sale of common stock | |
a determinable gain that is contingent on a future event that appears extremely likely to occur in three months | |
unasserted assessment of taxes owed on the prior year income with a a resonable possibility of being asserted in which case there would probably be a loss in 6 months | |
unasserted assessment of taxes owed on the prior year income with a a resonable possibility of being asserted in which case there would probably be a loss in 13 months | |
a determinable loss from a past event that is contingent on a future event that appears extremely likely to occur in three months | |
Note payable due April 4 2024 | |
Long-term bonds callable by the creditor in the upcoming yeart that are not expected to be called |
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