Essays Tagged: "Long-term liabilities"
What are debentures, mortgages and long term loans?
Debentures, Mortgages and Long-Term LoansAs we saw from the explanation of long-term liabilities, they are liabilities that th ... nterest, and knows exactly when they will have to be redeemed.MortgagesA mortgage is also a form of long-term loan. However, it will usually tend to be on property or some other fixed asset. It will b ... he firm.The rate of interest may be fixed for a period or it may vary with market rates of interest.Long-term loansOther long-term loans may, unlike the mortgages, be unsecured loans. This means that ...
Subjects: Businesss Research Papers
Debt Service Funds
he ordinary course of business. Instead, they are holding places for items such as fixed assets and long-term debt. Our focus is on one example of a governmental fund called a debt service fund. Codif ... ebt service as a fund to account for the accumulation of resources for, and the payment of, general long-term principal and interest. Debt service funds are used for the accumulation of monies to make ...
Subjects: Social Science Essays > Economics > Development Studies
What is a Fund Balance?
stead, they, in effect, holding places for non-liquid balance sheet items, such as fixed assets and long-term debt.The first example of a governmental fund is the general fund, where all transactions ... astructure. Debt service funds are used for the accumulation of monies to make required payments on long-term obligations, such as bonds or capital leases.Governmental funds differ from conventional, ...
Subjects: Businesss Research Papers > Accounting
Role of the US Financial System
ital for companies in financial need. Financial markets are generally separated into short-term and long-term markets. The short-term markets comprise securities with maturities of one year or less an ... ey markets. Security markets are divided into organized exchanges and over-the-counter markets. The long-term markets are called capital markets and consist of securities having maturities greater tha ...
Subjects: Social Science Essays > Economics
Uhura Company
he allowance for doubtful accounts has a balance of $17,000. The pension obligation is considered a long-term liability.Uhura CompanyBalance Sheet31-Dec-07AssetsCurrent assetsCash $230,000Trading secu ... es, at lower of averagecost or market $401,000Prepaid expenses 12,000Total current assets $1,103,000Long-term investmentsLand held for future use $175,000Cash surrender value of lifeinsurance 90,000$2 ...
Subjects: Businesss Research Papers > Accounting
Role of the US Financial System
ital for companies in financial need. Financial markets are generally separated into short-term and long-term markets. The short-term markets comprise securities with maturities of one year or less an ... ey markets. Security markets are divided into organized exchanges and over-the-counter markets. The long-term markets are called capital markets and consist of securities having maturities greater tha ...
Subjects: Businesss Research Papers > Case Studies
Role of the US Financial System
ital for companies in financial need. Financial markets are generally separated into short-term and long-term markets. The short-term markets comprise securities with maturities of one year or less an ... ey markets. Security markets are divided into organized exchanges and over-the-counter markets. The long-term markets are called capital markets and consist of securities having maturities greater tha ...
Subjects: Businesss Research Papers
ACC Week 3 IA
pter 10: Brief Exercise: BE10-1A note payable for $100,000 due in 2 years should be classified as a long-term liability, not a current liability because it is not due within 12 months.Although the mor ... due within 12 months.Although the mortgage is a 10-year payable note, the entire mortgage is not a long-term liability. The $20,000 of the mortgage is a current maturity of the long-term debt making ...
Subjects: Businesss Research Papers > Accounting