View Full Version : Is land a current asset of current liabilities
joyce.lynn
Mar 8, 2010, 12:08 PM
Which is current assets and which is curreent liabilities.
Land, bonds payable, mortgage notes payable, equipment, short term investments, wage payable
ROLCAM
Mar 8, 2010, 05:28 PM
land, = fixed asset
bonds payable, = long term liability
mortgage notes payable, = long term liability
equipment,= fixed asset
short term investments, = current asset
wage payable = current liability
miikam
Oct 6, 2011, 04:00 PM
Land= PP&E (no accum amort)
Bonds Payable= long-term liabilities
Mortgage Payable= long-term liab
Equipment= PP&E (less accum amort)
Short term investments= current asset
Wage Payable= current liability