Quiz-Chapter & 4. Match (by letter) the corect reporting method for each of the

Question

Quiz-Chapter & 4. Match (by letter) the corect reporting method for each of the nems listed below 1. A contingent sability that is probable of occurring within the next year and is reesonably estimable. 2. Accounts peyable 3. Sales tax collected from customers. 4. A consingent hability that is reasonably possible of occurring within the next year and is reasonably estimable. 5. Current portion of long-term debt [ ] Current liabfityl Current liability2 Disclosure note only Current liabdity4 Current iablinys Search the web and Windows FS F6 F2 Esc

Explanation / Answer

4)

Current liability 1 2. Accounts payable Current liability 2 3. Sales tax collected Disclosure note only 1. A contingent liability that is probable of occuring Current liability 4 4. A contingent liability that is reasonably possible of occuring Current liability 5 5. Current portion of long-term debt

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