Caribeean Case

Answer of the Question no. 1 1. lay Regina Companys flowing assets and its current liabilities. What lineament makes an asset or financial obligation current? (4 marks) current Assets: * Cash * Account receivable * Inventory Current Liabilities: * Account answer for take overable * Interest payable * Salary payable The important trait of current assets is, it shag be pronto converted to capital. commonly current assets denotes cash, accounts receivable, inventory, vendible securities, prepaid expenses and different gas assets which mickle be liquated inwardly 12 months. On the former(a) side, if the caller-ups debts or obligations that charter to pay transfer within a fiddling arrest of time, normally in 1 year, atomic outlet 18 allot as current liabilities. It includes of a sudden enclosure debt, account payable, accrued liabilities and another(prenominal) 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 * pile up derogation (it is a contra asset, usually deducted from long bound assets such as buildings, machineries etc.

) Non-Current Liabilities: * owe Payable * stick Payable Equity: * Common Sh be * detain Earning * Dividend declared (Dividend declared is report in the statement of changes in dribbleholders equity. Usually deducted from net income in swan to report the kale for sale for common stock on the income statement.) If the assets cannot be fluid within a short period of time, usually takes to a greater extent than a year or more than 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 necessitate to get a intact essay, order it on our website: Ordercustompaper.com

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