Homework answers / question archive / QUESTION 4 Current and non-current liabilities are categorised as: when the liability is due for payment whether the liability is secured or unsecured to whom the liability is owed the size of the liability QUESTION 5 'A present obligation of the entity to transfer an economic resource as a result of past events' is a definition of: liabilities equity expenses income QUESTION 6 Which of these is not an income type item? royalties received accounts receivable fees received commission received QUESTION 7 The income statement is normally completed: before the balance sheet at the same time as the balance sheet after the balance sheet at any time, the order of completion for these two statements is irrelevant

QUESTION 4 Current and non-current liabilities are categorised as: when the liability is due for payment whether the liability is secured or unsecured to whom the liability is owed the size of the liability QUESTION 5 'A present obligation of the entity to transfer an economic resource as a result of past events' is a definition of: liabilities equity expenses income QUESTION 6 Which of these is not an income type item? royalties received accounts receivable fees received commission received QUESTION 7 The income statement is normally completed: before the balance sheet at the same time as the balance sheet after the balance sheet at any time, the order of completion for these two statements is irrelevant

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QUESTION 4 Current and non-current liabilities are categorised as: when the liability is due for payment whether the liability is secured or unsecured to whom the liability is owed the size of the liability

QUESTION 5 'A present obligation of the entity to transfer an economic resource as a result of past events' is a definition of: liabilities equity expenses income

QUESTION 6 Which of these is not an income type item? royalties received accounts receivable fees received commission received

QUESTION 7 The income statement is normally completed: before the balance sheet at the same time as the balance sheet after the balance sheet at any time, the order of completion for these two statements is irrelevant