Assignment: Noncurrent Assets

Assignment: Noncurrent Assets
Assignment: Noncurrent Assets
o hold for more than one year. Other noncurrent assets include assets limited as to use (by contracts with outside parties) and goodwill, which represents the amount above fair market value based on an entity’s future earning potential.
Liabilities are economic obligations, or debts, of the organization. Current liabili- ties are economic obligations, or debts, that are due within one year. Accounts payable are amounts the organization owes to suppliers and other trade creditors for merchandise and services purchased from them, but for which the organization has not yet paid. Notes payable are short-term obligations for which a formal contract has been signed, such as a short-term loan. Accrued expenses payable are liabilities for expenses that have been incurred by the hospital but for which the hospital has not yet paid, such as compensation to employees. Deferred revenue is money received by the hospital but not yet earned by the hospital, such as registration fees for an educational program not yet provided. Estimated third-party adjustments are approximations of how much money the organization will be required to return to third-party payers due to overpayments to the organization. Cur- rent portion of long-term debt is the amount of the organization’s long-term debt (not including interest) that is expected to be paid within one year.
Long-term liabilities are economic obligations, or debts, that are due in more than one year. Long-term debt, net of current portion is an economic obligation, or debt, that is due in more than one year, minus the amount that is due within one year.
Net assets is the current AICPA-approved term for the difference between assets and liabilities in not-for-profit healthcare organizations2 and represents the owner’s (com- munity’s or religion’s) and others’ (donors external to the organization) financial interest in the organization.
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.
Get a 10 % discount on an order above $ 50

Order Now

Is this the question you were looking for? If so, place your order here to get started!

Related posts

New Technologies in Nursing

New Technologies in Nursing New Technologies in Nursing Introduction The current nursing technologies have transformed how nurses conduct their duties. Evidently, such technologies and new healthcare systems have endured establishing better services to patients. According to the reports of...