Caribeean Case

Answer of the Question none 1 1. lay Regina Companys flowing assets and its current liabilities. What device symptomatic makes an asset or monetary obligation current? (4 marks) underway Assets: * Cash * Account receivable * Inventory Current Liabilities: * Account musical score take overable * Interest due * Salary payable The primary(prenominal) characteristic of current assets is, it c get throughin nail be pronto born-again to capital. unremarkably current assets denotes cash, accounts receivable, inventory, salable securities, prepaid expenses and different legato assets which move be liquated inwardly 12 months. On the former(a) side, if the ships companys debts or obligations that make water to pay off within a victimize current of time, normally in 1 year, atomic soma 18 catch as current liabilities. It includes abruptly marge debt, account payable, accrued liabilities and separate debts. 2. Identify Regina Companys noncurrent assets and its noncurrent liabilities. What characteristic makes an asset or financial obligation noncurrent? (4 marks) Non-Current Assets: * Land * Buildings * accumulated derogation (it is a contra asset, usually deducted from long name assets such as buildings, machineries etc.

) Non-Current Liabilities: * owe Payable * bail bond Payable Equity: * Common Sh atomic number 18 * hold open Earning * Dividend declared (Dividend declared is describe in the statement of changes in declivityholders equity. Usually deducted from net income in swan to report the pay for sale for common stock on the income statement.) If the assets cannot be eloquent within a short period of time, usually takes to a greater extent than a year or to a greater extent to liquid it into cash are consider as non-current assets. Lands, machineries, buildings and so forth consider as non-current assets. With the same period of time frame, if a companys debts or obligations which have to pay within more than one year are consider as non-current liabilities. Mortgage payable, attach payable, long term notes and so on can be a good...If you call for to get a wide essay, order it on our website: Ordercustompaper.com

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