Xem mẫu
Reporting and Interpreting Liabilities
Chapter 9
PowerPoint Authors:
Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
McGrawHill/Irwin Copyright © 2011 by The McGrawHill Companies, Inc. All rights reserved.
Liabilities Defined and Classified
Defined as probable debts or obligations of the entity that result from past transactions,,which willl
be paid with assets or services.
Maturity = 1 year or less
Current Liabilities
Maturity > 1 year
Noncurrent Liabilities
92
Current Liabilities
93
Payroll Taxes
Gross Pay
Net Pay Less Deductions:
Social Security Tax
Medicare Tax
Federal Income Tax
State and Local Income Taxes
Voluntary Deductions
94
Notes Payable
A note payable specifies the interest rate associated with the borrowing.
To the lender,, interest is a revenue.. To the borrower,, interest is an expense..
Interest = Principal × Interest Rate × Time
When computing interesttfor one computation period is less thane
one year,,then “Time” is a 95 fraction.
...
- tailieumienphi.vn
nguon tai.lieu . vn