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the following iems represent liabilities on a firms balance sheet.... A. an amount of money owed to a supplier based on the terms 2/20, n/40,
the following iems represent liabilities on a firms balance sheet.... A. an amount of money owed to a supplier based on the terms 2/20, n/40, for which no note was executed. B. An amount of money owed to a creditor on a note due April 30, 2011 C. An mount of money owed to a creditor on a note due August 15, 2012 D. An mount of money owed to employees for work performed during the last week in December. E. An mount of money owed to a bank for the use of borrowed funds due on march 1, 2011 F. An mount of money owed to a creditor as an annual installment payment on a ten year note. G. An amount of money owed to the federal government based on the company's annual income. Why would an investor or a creditor be interest in whether an item is a current or long term liablity
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