Edmonds, Inc. reports the following liabilities (in thousands) on its January 31
Edmonds, Inc. reports the following liabilities (in thousands) on its January 31, 2012, balance sheet and notes to the financial statements. Accounts payable $4,263.9 Notes payable-long-term $6,746.7 Accrued pension liability 1,215.2 Operating leases 1,641.7 Accrued liabilities 1,258.1 Loans payable-long-term 335.6 Bonds payable 1,961.2 Payroll-related liabilities 558.1 Current portion Short-term borrowings 2,563.6 long-term debt 1,992.2 Unused operating line of credit 3,337.6 Income taxes payable 235.2 Warranty liability-current 1,417.3 (a) Identify which of the above liabilities are likely current and which are likely long-term. Say if an item fits in neither category. Account Classification Accounts payable Accrued pension liability Accrued liabilities Bonds payable Current portion long-term debt Income taxes payable Notes payable-long term Operating leases Loans payable-long term Payroll-related liabilities Short-term borrowings Unused operating line of credit Warranty liability-current (b) Complete the liabilities section of Edmonds's balance sheet as of January 31, 2012 below. (List accounts from largest to smallest amount, e.g. 10, 5, 2.) EDMONDS INC. (Partial) Balance Sheet January 31, 2012 (in thousands) Current liabilities $ Total current liabilities $ Long-term liabilities $ Total long-term liabilities Total liabilities $
The post Edmonds, Inc. reports the following liabilities (in thousands) on its January 31 appeared first on PAPER WRITE.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
