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Accountingra38 130522003745-phpapp01
 

Some of the Slideshare Presentation were created by others. All are great and well worth looking at. I am Stephen Darori on Linkedin. My profile is a Power Profile that went to all Start Status in ...

Some of the Slideshare Presentation were created by others. All are great and well worth looking at. I am Stephen Darori on Linkedin. My profile is a Power Profile that went to all Start Status in less than 120 days and the techniques I have used are well worth studying.. If you think we have some Synergy Now of maybe in the Future, then do send me an invitation to connect. I will never refure a Linkedin Invitation.

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    Accountingra38 130522003745-phpapp01 Accountingra38 130522003745-phpapp01 Document Transcript

    • Accounting Homework Help 24/7 Support Step-by-Step Solutions Detailed Explanation LEARN TO EXCEL Experienced Tutors www.classof1.com/homework-help/accounting Toll Free: 1-877-252-7763
    • Sub: Accounting Topic: Liabilities Accounting For Liabilities And Stock Equity The sources section of the balance sheet has two main sections and several subsections. The basic division is between liabilities and stockholders’ equity. Liabilities are the obligations of the organization. The terms of these obligations are generally fixed by legal contract and have definite due dates. Stockholders’ equity refers to the ownership interest in a corporation. The amount of the stockholders’ interests is not fixed by contract, and does not have due dates. The liability section can be further divided on the basis of due dates between current liabilities and noncurrent liabilities. The distinction is essentially the same as that applied to assets: current liabilities are those obligations that are to be paid within one year, whereas noncurrent liabilities are those coming due in more than one year. This distinction is important, because the solvency of an organization rests on its ability to meet payment obligations when due. Current liabilities usually include amounts owed to trade creditors (accounts payable), workers (wages payable), government (taxes payable), investors, and customers. All of these items are current liabilities if they are due within a year. Noncurrent liabilities often include bonds, mortgages, and notes. If part of these items is due within 12 months, that amount should be classified as a current liability. It is the due date, not the title that determines whether an obligation is classified as current or noncurrent. In some cases, the exact amount to be paid is not known. For example, a corporation can estimate its income tax liability and show it as such on a balance sheet; even though the amount is not certain and will not be certain until detailed computations are made (and reviewed by the Internal Revenue Service). Although the amount must be estimated, an obligation to pay on or before a specific date exists, and the expected liability should be recognized by the accountant. The stockholders’ equity section of the balance sheet may be divided into the amount originally paid to a corporation by stockholders, often referred to as common stock or capital received from stockholders, and the amount retained from past http://classof1.com/homework-help/accounting-homeworkhelp/?utm_source=SlideShare&utm_medium=RA_ebook&utm_term= *The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for submitting the same in lieu of their academic submissions for grades. accounting&utm_content=footer&utm_campaign=%5BDoc%2BUplo ads%5D
    • Sub: Accounting Topic: Liabilities earnings, often referred to as retained earnings. There are also several variations of titles and different classifications that are used in practice. The common stockholders are the residual owners. The economic value of these interests varies, depending on the fortunes of the corporation. The earnings of the corporation accrue to this ownership group, but, unlike debt-like obligations, the corporation is not considered insolvent if it fails to make payments to these investors. The earnings of the corporation may be either retained by the corporation or distributed to stockholders. These distributions normally take the form of cash payments that are called dividends or share repurchases. Barring complexities, the retained earnings balance is equal to the sum of the past earnings of the corporation reduced by any distributions to shareholders that have been made. A negative balance in retained earnings is referred to as a deficit. This occurs when the corporation sustains cumulative losses in its operations or has made larger cash distributions than it has earned. http://classof1.com/homework-help/accounting-homeworkhelp/?utm_source=SlideShare&utm_medium=RA_ebook&utm_term= *The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for submitting the same in lieu of their academic submissions for grades. accounting&utm_content=footer&utm_campaign=%5BDoc%2BUplo ads%5D
    • Sub: Accounting Topic: Liabilities For more details on Classof1 or customized academic assistance please feel free to write to us at learning@classof1.com or call our toll-free number 1- 877- 252- 7763. The list of subject areas in which we offer academic assistance is as given below: 1 Accounting 23 Engineering 45 Mass Communication 2 Actuarial Science 24 English 46 Materials Engineering 3 Anatomy 25 Environmental Engineering 47 Math 4 Anthropology 26 Environmental Science 48 Mechanical Engineering 5 Architecture 27 Essay Writing 49 Medical Science 6 Astronomy 28 Finance 50 Micro Economics 7 Biochemical Engineering 29 Financial Accounting 51 Nursing 8 Biochemistry 30 General Studies 52 Operations Management 9 Biology 31 Geography 53 Philosophy 10 Business Law 32 Geology 54 Physics 11 Business Management 33 HBS Case Studies 55 Physiology 12 Chemical Engineering 34 History 56 Political Science 13 Chemistry 35 Hospitality Management 57 Psychology 14 Civil Engineering 36 Human Resource Management 58 Religious Studies 15 Classical Studies 37 Information Systems 59 Rhetoric 16 Computer Science 38 International Economics 60 Social Studies 17 Corporate Finance 39 International Finance 61 Social Work 18 Corporate Strategy 40 Investment Portfolio Management 62 Sociology 19 Cost Accounting 41 MS-Office 63 Statistics 20 Earth Science 42 Macro Economics 64 Taxation 21 Economics 43 Management Accounting 65 Zoology 22 Electrical Engineering 44 Marketing http://classof1.com/homework-help/accounting-homeworkhelp/?utm_source=SlideShare&utm_medium=RA_ebook&utm_term= *The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for submitting the same in lieu of their academic submissions for grades. accounting&utm_content=footer&utm_campaign=%5BDoc%2BUplo ads%5D