noncurrent liability

Noncurrent liability

A liability due in one year.

Noncurrent Liability

Any liability with a term of greater than a year. In both investing and personal finance, an example of a noncurrent liability often is a loan with a payback period of longer than one year. Examples include a 30-year mortgage or a 10-year Treasury note. See also: Long-term financing.

noncurrent liability

A liability not due to be paid within one year during the normal course of business. A long-term debt issue is a noncurrent liability.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

References in periodicals archive ?

* [DELTA][DLP.sub.it] = noncurrent liability of the firm i in time t + 1 less noncurrent liability of the firm i in time t.

Credit rating change and capital structure in Latin America

A business entity that presents a classified statement of financial position shall classify the liability for an underfunded plan as a current liability, a noncurrent liability, or a combination of both.

Are FASB statements becoming more understandable?

The $13,600 tax liability attributable to the partnership loss is reported as a noncurrent liability. Since there is no book-tax difference, the credit cannot be applied to the deferred tax liability account so it is applied to a noncurrent taxes payable account for an uncertain tax position.

FIN 48 compliance: disclosing tax positions in an age of uncertainty

In the retail field, as indicated, there was a lack of agreement whether the deferred tax credit should be shown as a current or noncurrent liability when the installment sales receivable was shown as a current asset.

The SEC preempts the accounting principles board in 1965: the classification of the deferred tax credit relating to installment sales

Ten percent--or $15,000 plus interest--is listed as a current liability on each year's balance sheet, leaving the remainder as a future or noncurrent liability. Some current liabilities include payroll taxes, accrued expenses, deferred income and accounts payable.

Getting the cash to flow your way

* A current or noncurrent liability, based on the timing of the related cash flows;

Financial-reporting effects of uncertain tax positions

A business entity that presents a classified statement of financial position must classify the liability for an underfunded plan as a current liability, a noncurrent liability, or a combination of both.

New accounting rules for postretirement benefits: how SFAS 158 may affect a company's financial statements