What amount should be included in the current liabilities, Accounting Basics

+44 141 628 6080
[email protected]

What amount should be included in the current liabilities

blues corp trial balance included the following account balances at Dec 31,2011 :

A/P $45,000
Bonds payable, due 2012 $75,000
Discount on bonds payable, due 2012 $9,000
Dividends payable, Jan 31, 2012 $24,000
Notes payable, Jan 31, 2015 $60,000

What amount should be included in the current liabilities section of Blues, Dec 31, 2011 balance sheet ?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount should be included in the current liabilities

Reference No:- TGS0711613

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Why is there a difference in the increase in income

Uras Inc. and Hinson Inc. have the following operating data: Sales Juras $160,000 HInson $215,000 Variable costs $130,000 115,000 Contribution margin 30,000 100,000 Fixed costs 20,000

Q : Transactions occurred and were recorded

Hal Smith opened Smith's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books.

Q : Calculate the pension expense

The Lindsay company has a defined benefit pension plan. The plan assets balance at FV on Jan1,2011was $1600, and employer contributions to the Plan were $540 in 2011 and $590 in 2012, respectively.

Q : Karnes will incur special shipping costs

In Karnes Company it costs $30 per unit ($20 variable and $10 fixed) to make a product that normally sells for $45. A foreign wholesaler offers to buy 4,000 units.

Q : What amount should be included in the current liabilities

blues corp trial balance included the following account balances at Dec 31,2011.What amount should be included in the current liabilities section of Blues, Dec 31, 2011 balance sheet?

Q : Explain why adjusting entries are necessary

You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department.

Q : Journalize the entry to record the flow of labor costs

The Good News Company accumulated 460 hours of direct labor on Job 345 and 810 hours on Job 777. The direct labor was incurred at a rate of $15 per direct labor hour for Job 345 and $13 per direct labor for Job 777.

Q : The materials handling cost is allocated on the basis

If the materials handling cost is allocated on the basis of direct labor-hours, how much of the total materials handling cost would be allocated to the Prefab Barns?

Q : What will operating income change if sales increase

Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units?

1949835

Questions
Asked

3,689

Active Tutors

1418390

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount should be included in the current liabilities

Reference No:- TGS0711613

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Why is there a difference in the increase in income

Q : Transactions occurred and were recorded

Q : Calculate the pension expense

Q : Karnes will incur special shipping costs

Q : What amount should be included in the current liabilities

Q : Explain why adjusting entries are necessary

Q : Journalize the entry to record the flow of labor costs

Q : The materials handling cost is allocated on the basis

Q : What will operating income change if sales increase

Identify problems and concerns that contributed

How is it rational for the owner of a factory or plantation

Why does victor coin the term hyper-violence

Problem regarding culturally relativistic

Examine gender inequality on a global scale

Which are forms of media bias

How code of suburbs differs from the code of street

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount should be included in the current liabilities

Reference No:- TGS0711613

Recent Questions Asked Accounting Basics

Q : Why is there a difference in the increase in income

Q : Transactions occurred and were recorded

Q : Calculate the pension expense

Q : Karnes will incur special shipping costs

Q : What amount should be included in the current liabilities

Q : Explain why adjusting entries are necessary

Q : Journalize the entry to record the flow of labor costs

Q : The materials handling cost is allocated on the basis

Q : What will operating income change if sales increase

Asked Questions