Current assets and current liabilities
[DOC File]CHAPTER 10
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ASSETS. LIABILITIES. Current Assets. Current Liabilities. Cash in Bank Accounts Payable Other Short Term Investments (e.g., money market, stocks, CDs) Loans Payable (due within 12 months) Prepaid Expenses Accrued Payroll / Withholding Receivables Taxes Payable Other (Specify.) Current Portion of Long Term Debt Other (Specify.) Total Assets ...
[DOCX File]Model Balance Sheet, F-62674A
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Assets Liabilities. Current assets: Current liabilities: Cash $12 Accounts payable $36. Accounts receivable 89 Wages payable 1. Supplies 3 Total liabilities $ 37. Prepaid insurance 4. Total current assets $108 Stockholders’ Equity. Property, plant, and Capital stock $ 40. equipment: Retained earnings 163
[DOC File]DISCUSSION QUESTIONS
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ASSETS LIABILITIES Current Assets Current Liabilities Cash in Bank Accounts Payable Other Short Term Investments (e.g., money market, stocks, CDs) Loans Payable (due within 12 months) Prepaid Expenses Accrued Payroll / Withholding Receivables Taxes Payable Other (Specify.) Current Portion of Long Term Debt Other (Specify.)
Current Ratio Definition
Current liabilities. are: Obligations whose liquidation is reasonably expected to require the use of current . assets or the creation of other current liabilities. ( Accounting Research Bulletin No. 43, “Restatement and Revision of Accounting . Research Bulletins”.
[DOC File]Chapter 12
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Current assets cannot fall below 1.5 times current liabilities. Therefore, dividing current assets by 1.5 indicates the maximum level that Darrington and Darling can allow current liabilities to grow to without violating the debt covenant. So current liabilities can grow to $120,000 ($180,000 ÷ 1.5). b. Current Ratio = ($130,000 + $20,000 ...
[DOC File]Chapter 13 Current Liabilities and Contingencies
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The most common meaning for the term working capital is the difference between current assets and current liabilities: In this usage, working capital is the dollar amount of current assets left over after the remaining current assets are allocated to pay the company's current liabilities. These “extra” current assets can be used to finance ...
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