Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Week 7 Assignment_16...
The economic environment is often described as the external environment as it mainly depends on the factors like buying habits of the customers and business which increase the performance of the compa...

Week 7 Assignment
Week 7 Assignment

The economic environment is often described as the

Unit 15 Discussion_1...
Ans: Barn owl remains at the top of the food chain and predator of small mammals like rats, mice found in meadows, open fields and marshes. The only way to know them is by observing their behaviour.

Unit 15 Discussion
Unit 15 Discussion

Ans: Barn owl remains at the top of the food chain

Leading Organization...
Change management can be regarded as an approach that is methodical to trade with change from the point of view of person and the company. Three diverse aspects are held by change management which inc...

Leading Organizational Change Week 4 Discussion 1
Leading Organizational Change Week 4 Discussion 1

Change management can be regarded as an approach t

Week 2 Concept Quiz

Week 2 Concept Quiz

Q Question 1 5 / 5 pts What is the difference between current liabilities and long-term debt? Question 2 5 / 5 pts Why might the book value and market value of a firm differ? Question 3 8 / 10 pts Of the following financial activities, identify (Check the appropriate block) whether there will be an increase or decrease in the firm's cash. Provide your rationale for your selection. Event Cash Increase Cash Decrease Why? Fixed Assets balance has decreased. Decrease in Accounts Payable. Decrease in Accounts Receivable.

View Related Questions

Solution Preview

View Complete Solution
1.Long-term liabilities, also called long-term debts, are debts a company owes third-party creditors that are payable beyond 12 months. This distinguishes them from current liabilities, which a company must pay within 12 months. On the balance sheet, long-term liabilities appear along with current liabilities. Together, these represent everything a company owes. Payment of these debts is mandatory.