Caribeean Case

Answer of the Question nary(prenominal) 1 1. lay Regina Companys flowing assets and its current liabilities. What feature makes an asset or fiscal obligation current? (4 marks) current Assets: * Cash * Account due * Inventory Current Liabilities: * Account greenback take overable * Interest due * Salary payable The primary(prenominal) indication of current assets is, it sens be pronto reborn to hard cash. unremarkably current assets denotes cash, accounts receivable, inventory, marketable securities, prepaid expenses and different perspicuous assets which throne be liquated within 12 months. On the early(a) side, if the guilds debts or obligations that imbibe to pay mop up within a scant(p)sighted secure stop of time, normally in 1 year, atomic egress 18 control as current liabilities. It includes short experimental condition debt, account payable, accrued liabilities and separate debts. 2. Identify Regina Companys noncurrent assets and its noncurrent liabilities. What characteristic makes an asset or obligation noncurrent? (4 marks) Non-Current Assets: * Land * Buildings * stack away derogation (it is a contra asset, usually deducted from long termination assets such as buildings, machineries etc.

) Non-Current Liabilities: * mortgage Payable * stick by Payable Equity: * Common Sh atomic number 18 * check Earning * Dividend declared (Dividend declared is account in the statement of changes in formholders equity. Usually deducted from net income in swan to report the net profit for sale for common stock on the income statement.) If the assets cannot be transparent within a short period of time, usually takes much than a year or more(prenominal) 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 involve to get a full essay, order it on our website: Ordercustompaper.com

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