Amounts to be received in the future from client for shipment of commodities or solutions in the existing period
is a created promise to salary a mentioned amount on a identify future date within one year or the company"s operation cycle, whichever is longer.

You are watching: All of the following are true of known liabilities except:


Obligations not supposed to be paid within the longer of one year or the company"s operation cycle are reported as:
A company sold $12,000 worth of bicycles with prolonged warranty. It estimates that 2% of these sales will result in warranty work. The firm should:
The difference between the amount received from issuing a keep in mind payable and the amount repaid in ~ maturity is described as:
The price that a state assigns showing a company"s stability or instability in employing workers is the:
not arbitrarily liabilities due to the fact that they are future events not arising from previous transactions or events.
A short-term note payable is a created promise to pay a mentioned amount ~ above a definite future date within one year or the operation cycle, whichever is shorter.

See more: The Aggregate Supply Is Best Described As The A, Aggregate Supply And How It Works


liabilities that execute not have a resolved due date, yet are payable on demand, are reported as irreversible liabilities.
})}else;window.location.assign("https://2175forals.com/explanations/textbook-solutions/glencoe-accounting-first-year-course-1st-edition-9780078688294");">
*

})}else;window.location.assign("https://2175forals.com/explanations/textbook-solutions/financial-accounting-10th-edition-9780133427530");">
*

})}else;window.location.assign("https://2175forals.com/explanations/textbook-solutions/financial-accounting-9th-edition-9780132751124");">
*

})}else;window.location.assign("https://2175forals.com/explanations/textbook-solutions/corporate-finance-the-mcgraw-hillirwin-series-in-finance-insurance-and-real-estate-11th-edition-9780077861759");">
*

Corporate Finance (The Mcgraw-Hill/Irwin series in Finance, Insurance, and Real Estate)11th EditionBradford D. Jordan, Randolph W. Westerfield, Stephen A. Ross
window.2175forals.com<"productClickLinkData"> = <"name":"ACC- chapter 8 (111-140)","id":"239689845","price":"","category":"premium content","variant":"study guide","position":"","brand":"2175forals.comte6738159">; QLoad("2175forals.com.productClickLinkData"); return;})}elsewindow.2175forals.com<"productClickLinkData"> = <"name":"ACC- thing 8 (111-140)","id":"239689845","price":"","category":"premium content","variant":"study guide","position":"","brand":"2175forals.comte6738159">; QLoad("2175forals.com.productClickLinkData"); return;;window.location.assign("https://2175forals.com/vn/239689845/acc-chapter-8-111-140-flash-cards/");" id="1-239689845">