Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following should be listed as a Non-Current Liability on a personal balance sheet? A. Your checking account balance B. Your credit card

Which of the following should be listed as a Non-Current Liability on a personal balance sheet?

A. Your checking account balance
B. Your credit card balance
C. Home loan (mortgage) balance outstanding on a 20-year loan
D. A 3-year personal loan where you loaned $2,000 to your brother.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Theory And Practice

Authors: Eugene F. Brigham, Michael C. Ehrhardt

17th Edition

0357714482, 9780357714485

More Books

Students also viewed these Finance questions

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago