Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Classifying Liabilities (https://www.askmehelpdesk.com/showthread.php?t=126902)

  • Sep 7, 2007, 08:47 AM
    ivory5130
    Classifying Liabilities
    I am trying to classify what type of liabilities these payables are or if they are liabilities at all.

    The choices are current, long-term, or not a liability.

    Sales taxes payable- current
    FUTA taxes payable-
    Accts. Rec.-
    Accrued payroll payable-
    Wages payable- current
    Notes payable- current
    Notes payable ( due in 120 days)- current
    Current portion of long-term debt- current
    Notes payable( mature in five years)- Long term
    Notes payable ( due in13 to 24 months) - Long term

    Can someone help me with the three I am unsure of and check the ones that I think that I know.
  • Sep 7, 2007, 02:52 PM
    CaptainForest
    FUTA taxes payable- current
    Accts. Rec.- not a liability
    Accrued payroll payable- current

  • All times are GMT -7. The time now is 04:09 PM.