CPAnet Forum: Current Liability

Active Topics

Memberlist

Help

FAR STUDY GROUP
CPAnet Forum : FAR STUDY GROUP

Topic: Current Liability (

Topic Closed)

Author

Message

<< Prev Topic | Next Topic >>

lovethepirk
Major Contributor

Joined: 10 Jul 2009
Online Status: Offline
Posts: 295

Posted: 21 Nov 2009 at 12:48 \| IP Logged

There was an excellent question like this in Wiley, and there was a kicker to the question....something about the max amount paid down vs refinanced....I will try to dig it up

Seems like this thread would be a good time to review that special scenerio...

__________________
FAR - Not enough acc hours
REG - ""
AUD - ""
BEC - ""

Using Wiley books and CPAnet!!!

3CPATESTS3WEEKS
Newbie
Newbie

Joined: 23 Aug 2010
Online Status: Offline
Posts: 10

Posted: 26 Sep 2010 at 14:51 \| IP Logged

Hey,

I was wondering, you said that if they didn't do anything, the whole 750k would be considered a non-current liability.

I disagree. Shouldn't the whole 750k then be considered a current liability since it would have to be paid within one year of the balance sheet date?

Search for other posts by 3CPATESTS3WEEKS

Sorry, you can NOT post a reply.
This topic is closed.

<< Prev Page of 2

Printable version

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum