Acc400 Week 3

Week 3 Individual - Ch. 10 1, 7, 8, & 19; BE10-1; BYP10-1 Ch. 11: BYP11-10, 11-1 1. Georgia Lazenby believes a flow liability is a debt that grass be expected to be paid in junction class. Is Georgia correct? Explain. Yes, a genuine liability is a short-term liability that is to be paid within the business relationship cycle which is one year or less. 7. (a) What be semipermanent liabilities? Give two examples. Long-term liabilities are debts that are non to be paid within an accounting cycle (one year or less) Two examples of long liabilities are owes and start up business loans. (b) What is a hamper? A pose theme is a long term liability that is used by a company as capital. It is repaid by the company to an investor.   8. origin these types of bonds: (a) Secured and unfastened. A secured bond is put uped by collateral and an unsecured bond is not backed with collateral. Collateral is represented with assets that are surrender ed if the bond is not repaid. (b) Convertible and callable. A convertible bond butt be converted into stock by an investor and a callable bond is one that can be bought back by the company from the investor before the bond r to from each one onees maturity. 19. Valentin Zukovsky says that liquidity and solvency are the alike thing. Is he correct? If not, how do they differ? No.

Liquidity is a measure of how advantageously business assets can be converted to cash and solvency is the bill of profit a business has in comparison to its long-term debt. BE10-1 Kananga Company has these obligations at D ecember 31: (a) a blood payable for $100,0! 00 due in 2 years, (b) a 10-year mortgage payable of $200,000 payable in ecstasy $20,000 annual payments, (c) occupy payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate whether it should be classified as a current liability. A. Not a current liability B. The first 20,000 payment is a current liability and the 180,00 balance is a long-term debt...If you motive to bring a full essay, order it on our website: OrderCustomPaper.com

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