abc has a $5 million liability at december 31, 2018, of which $1 million is payable in each of the next five years. abc reports the liability on the balance sheet as a:

Question

27-06-2022
Mathematics

contestada

abc has a $5 million liability at december 31, 2018, of which $1 million is payable in each of the next five years. abc reports the liability on the balance sheet as a:

Respuesta :

Otras preguntas

Interactive Solution 26.7 offers one model for problems like this one. In a certain time, light travels 3.97 km in a vacuum. During the same time, light travels

2. Teacher-student interaction, classroom routines, and academic lessons are ways that _ _occurs in schools. rces RAMS A. character education B. organization C.

Which scientists first discovered gene linkage on chromosomes?

Which of the below descriptions shows a possible HAMILTON PATH? Group of answer choices EFADECBA FEBCBAD ADEFBC ADECBAFE

In a system with two objects interacting via the force of gravity, if the total energy (gravitational binding energy kinetic energy) is zero, then the possibl

For a solution comprised of PbSO4 (0.025 mol/kg) and MgCl2 (0.01 mol/kg) determine (19 pts) (a) the ionic strength (5 pts) (b) activity coefficients of each of

BerryBerry is a fruit juice company that has traditionally sold three varieties of mixed-fruit juices: DazzleBerry, AquaBerry, and GloBerry. The company wants t

A blood specimen is collected in a heparin-containing tube for calcium and magnesium determination. Upon centrifugation, the plasma appeared hemolyzed. How woul

The Minoans mad their living as traders true or false

As time passes, fixed assets other than land lose their capacity to provide useful services. To account for this decrease in usefulness, the cost of fixed asset

ACCESS MORE EDU ACCESS Universidad de Mexico

amcool amcool · Answer 1 · 2022-06-29T13:00:29+02:00

ABC reports the liability on the balance sheet as a $1 million current liability, and a $4 million long-term liability.

What are current and long-term liabilities?

A current liability is a liability that is payable within 12 months or one year.

On the other hand, a long-term liability is a liability that is payable after 12 months or one year.

Since $1 million is payable in each of the next five years, this implies $1 million is payable within one year while $4 million is payable after one year.

Therefore, ABC reports the liability on the balance sheet as a $1 million current liability, and a $4 million long-term liability.

Learn more about liabilities here: https://brainly.com/question/18484315.

#SPJ11