ACC 291T Week 5 Discussion Answer

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NURS 3150/3151: Foundations of Nursing Research

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ACC 291T Week 5 Discussion Answer

 

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words (replies also need to be a minimum of 175 words each):

 

Respond to the following:

It is standard accounting procedure, or a generally accepted accounting principle (GAAP), to make a journal entry to remove the current year’s principle from the long-term liabilities. This entry reduces the long-term liabilities and increases the current liabilities.

Your company has a bank loan that requires a current ratio of 1.5 times. The owner has asked you, the bookkeeper, not to make the adjusting entry that would take the current portion from the long-term liabilities. If you make the adjusting entry, the company’s loan will need to be repaid immediately (or the loan called). What should you do?

 

Due Monday

Reply to at least 2 of your classmates (replies also need to be a minimum of 175 words each). Be constructive and professional in your responses. ACC 291T Week 5 Discussion Answer

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