Question 4 1 pts An example of an estimated liability is O Payroll liabilities O Sales Lay Notes payable O Warranty liabilities Question 5 1 pts A customer paid a deposit of $1,000 to ABC Inc for services to be performed 10 months in the future ABC Inc records the deposit as a O Current asset O Current liability O Long term Liability O Equity Question 6 1 pts Nettie Inc signed a 4 year note for $40,000 on August 1, 2019 $10,000 is due each year with the first payment due on August 1, 2020 How will this be shown on the balance sheet at December 31, 2019 O $40 000 will be recorded as a non current liability O $30 000 will be recorded as a non current liability O $40,000 will be recorded as a current liability O $10 000 will be recorded as a non current liability Question 7 1 pts Which of the following is not part of payroll liabilities O FICA Social Security payable O FICA Medicare payable O Health insurance O Sales tax O cand d

Question

Question 4 1 pts An example of an estimated liability is O Payroll liabilities O Sales Lay Notes payable O Warranty liabilities Question 5 1 pts A customer paid a deposit of $1,000 to ABC Inc  for services to be performed 10 months in the future  ABC Inc  records the deposit as a O Current asset O Current liability O Long term Liability O Equity Question 6 1 pts Nettie Inc  signed a 4 year note for $40,000 on August 1, 2019  $10,000 is due each year with the first payment due on August 1, 2020  How will this be shown on the balance sheet at December 31, 2019  O $40 000 will be recorded as a non current liability O $30 000 will be recorded as a non current liability O $40,000 will be recorded as a current liability O $10 000 will be recorded as a non current liability Question 7 1 pts Which of the following is not part of payroll liabilities O FICA Social Security payable O FICA Medicare payable O Health insurance O Sales tax O cand d

Accepted Answer

The Answer is in the image, click to view ...

Question

Question 4 1 pts An example of an estimated liability is O Payroll liabilities O Sales Lay Notes payable O Warranty liabilities Question 5 1

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question