English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

A. bonds payable
B. five year notes payable
C. mortage payable
D. taxes payable


d. taxes payable????????????

2007-10-23 14:46:10 · 4 answers · asked by josh h 1 in Business & Finance Taxes Other - Taxes

4 answers

It is the taxes (D) because the others need not be paid immediately.

2007-10-23 14:53:58 · answer #1 · answered by Rich Z 7 · 0 0

Dear Josh H,

Current liability are :

D: Tax payable.

I'll tell you what is a current liability which will help you to detemine future issues.


Current liability is any liability which is payable within 12months.

Example of current liabilty may be : Items bought on credit eg Credit card transactions or just anything which needs to be paid back in 12months

So in your 5 choices , Bonds need more then 12months , option B as itself suggest 5years repayment , mortage may take years! .


Take care!

2007-10-25 01:35:00 · answer #2 · answered by Acid 3 · 1 0

Taxes

2007-10-23 14:49:58 · answer #3 · answered by ●๋• Daria ●๋• 6 · 0 0

Depends. Typically the term "payable" refers to the short term portion of any debt. So technically they are all current liabilities.

2007-10-23 15:08:18 · answer #4 · answered by nCRYPTik 1 · 0 1

fedest.com, questions and answers