Expense accrued payable

Liabilities are the obhgations that the company owes to creditors and stockholders. Current liabilities are obhgations that come due within a year and include accounts payable (money owed to creditors for goods and services), notes payable (money owed to banks, corporations, or other lenders), accrued expenses (salaries and wages to employees, interest on borrowed funds, fees due to professionals, etc ), income taxes payable, current part of long-term d t, and other current liabilities due within the year. 

Current Liabilities. Current liabilities are debts that must be paid within a year from the date of the balance sheet. They are paid from the current assets. Current liabilities include accounts payable, notes payable, accrued expenses payable, and income taxes payable. 

Accrued expenses payable are in addition to accounts payable. They may include such items as salaries, wages, interest on borrowed funds, insurance premiums, and pensions. 

Current Liabilities Accounts Payable Notes Payable Accrued Expenses Payable Federal Income Taxes Payable Total Current Liabilities... 

The total liabilities are what a company owes and consist of the sum of current and long-term liabilities. Current liabilities are debts that must be paid within a year from the date of ffie balance sheet. The total current liabilities are ffie sum of the accounts payable, notes payable, accrued expenses payable, as well as income taxes payable from current assets. Accounts payable include such items as mvoices for raw materials, supplies, and others, that a company has purchased from suppliers and for which payment is due on a 30-, 60-, or 90-day basis. Notes payable include monies owed to banks and offier creditors as well as promissory notes. Accrued expenses payable include such entries as salaries, wages, mterest on borrowed funds, insurance premiums, pensions, and so on. Income taxes payable are ffie debt owed to federal, state, and local governments. These taxes are usually paid on a quarterly basis and commonly isolated from other expenses. 

Consider invested capital, another term necessary to find ROIC. First remember that operating assets consist of receivables, inventory, and PPE, while operating liabilities are noninterest bearing and consist of accounts payable, accrued expenses (such as salaries), and income taxes payable. In addition, equity consists of common stock, preferred stock, and retained earnings. Using a balance sheet, Table 5.2 provides an example of how invested capital is found. 

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