The adjusted trial balance for Payne Corporation at the end of the current year contained the following accounts: Instructions
(a) Prepare the non-current liabilities section of the statement of financial position.
(b) Indicate the proper statement of financial position classification for the accounts listed above that do not belong in the non-current liabilities section.

Question

The adjusted trial balance for Payne Corporation at the end of the current year contained the following accounts:  Instructions
(a) Prepare the non-current liabilities section of the statement of financial position.
(b) Indicate the proper statement of financial position classification for the accounts listed above that do not belong in the non-current liabilities section.

Quizplus · Accepted Answer

The Answer of The adjusted trial balance for Payne Corporation at the end of the current year contained the following accounts:  Instructions
(a) Prepare the non-current liabilities section of the statement of financial position.
(b) Indicate the proper statement of financial position classification for the accounts listed above that do not belong in the non-current liabilities section.

The Adjusted Trial Balance for Payne Corporation at the End