13 Due in 1 year Long term. 11,425,000 815,000 10,610,000. 345,000
Non-current liabilities (long-term debt) consist of an expected outflow of resources arising from present obligations that are not payable within a year or the operating cycle of the company, whichever is longer. LO 1 Describe the formal procedures associated with issuing long-term debt. Examples: ? Bonds payable.
Liabilities are claimed against the company's assets. As with assets, these claims record as current or noncurrent. Usually, they consist of money the company owes to others. For example, the debt can be to an unrelated third party, such as a bank, or to employees for wages earned but not yet paid. Some examples are
Chapter 10. NONCURRENT (LONG-TERM) LIABILITIES. Presenter's name. Presenter's title. dd Month yyyy. Bonds: contents. Pricing of debt based on present value of future cash payments. How an issuer accounts for debt: Issued at par; Issued at a price other than par; Issuance, periodic interest payments, repayment.
Examples include advance collections of interest, rent, subscriptions, or tickets. Such items are current unless more than one year (or one operating cycle, if longer) is required in the earning process, or if noncurrent assets primarily are used to earn the revenue. Current Liabilities Whose Amounts Depend on Operations. 18.
SOLUTION 1 Issuing Bonds Payable – semiannual interest payment PV Single Sum of Principal Rp1,000,000 x PVF(7.5%, 10) = Rp1,000,000 x 0.48519393 = Rp485,193.93 PV Annuity of Interest (Rp1,000,000 x 6%) x PVIF(7.5%,10) = Rp60,000 x 6.86408096 = 411,844.86 PV of Bonds Rp897,038.79 Bonds discount
requests). 5. Compare business records over time to determine trends. B. Total assets always equals total liabilities plus owner equity. ll. Components of a balance sheet. A. Assets. 1. Current (used or sold and converted into Cash within a twelve month period). 2. Non-current (used in producing a product or are not sold and
There are three main types of 'liabilities' in accounting: 1. Current liabilities. 2. Non-current liabilities - sometimes known as 'Long-term' liabilities. 3. Contingent liabilities. Current liabilities are short-term financial obligations. Short-term is defined as obligations that are required to be paid off within one year. Current liabilities
The decline in current and non-current liabilities from € 17,640 million to. € 16,896 million is attributable in particular to the reduction in trade payables. At. € 5,182 million, trade payables were down € 525 million, reflecting a seasonal effect: busi- ness is usually stronger towards the end of the financial year than at the end of
A Particular Point in Time. Balance Sheet – Assets. A Particular Point in Time. ? Total Assets = Current Assets + Non. Current Assets. ? Historical Cost Concept. ? Liquidity Order – Top to Bottom. ? Depreciation is Simply a Cost Allocation. Method. ? Working Capital Investment. • Current Assets – Current Liabilities

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February 2018