Accouting

posted by .

Vacation pay payable is reported on the balance sheet as a(n)
a. current liability or long-term liability, depending upon when the vacations will be taken by employees
b. current liability
c. expense
d. long-term liability


it's not b

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Financial Acct. (again) sorry

    Hi again, I was wondering if anyone might know how to check my answers to these questions on accounting...thanks!! 1. The current portion of long-term debt should a. not be separated from the long-term portion of debt. b. be paid immediately. …
  2. business law

    With respect to a qualified indorser, which liabilities are eliminated as a result of the qualified indorsement?
  3. finance (current asset)

    An item which may be converted to cash within one year or one operating cycle of the firm is classidied as a.... A. current liability B. long-term asset C. current asset D. long-term liability I like C current asset-the quest is the …
  4. economics

    What is the difference between the application of strict liability in products liability and in other applications of strict liability?
  5. accounting

    Analyze the following separate errors and describe how each would affect the 10-column work sheet Below. Explain whether the error is likely to be discovered in completing the work sheet and, if not, the effect of the error on the …
  6. Business Maths

    How do i calculate this proble and enter it in a journal entry: On January 1, the long-term liability section of a company’s balance sheet showed a balance of $20,000 in the bonds payable account. On December 31, the balance in the …
  7. Accounting

    I have most of them done but would like to have these ones double checked... Please Help!!! 12. Research and development costs (R&D) are generally A. listed as "long-term assets" on the balance sheet. B. expensed and become part of …
  8. Accounting

    Accounting 1 Help! 1. An accountant records a transaction when cash is paid or received under which basis of accounting?
  9. Check my answer?

    An indorser's implied contract to pay a subsequent holder in the event that an instrument is dishonored is known as an indorser's?
  10. Accounting

    The accounts payable account is a/an _______, and it has a normal ________ balance. A. revenue; debit B. expense; credit C. liability; debit D. liability; credit I think the answer is D.

More Similar Questions