Parmlee Inc $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$

question 171

Essay

Parmlee Inc.has several assets and liabilities on its balance sheet.For each of the items below,decide whether it is a current asset (CA),current liability (CL),long-term asset (LTA),long-term liability(LTL),or contra-liability (COL).
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text{ CA/CL/LTA/LTL/COL }$
a. 15 year lease obli gation $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $\quad$ $\quad$ $\quad$ a.-----------

b. Discount on bonds payable $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $\quad$ b.-----------

c. Amcunts owed to the utility company $\quad$$\quad$$\quad$$\quad$$\quad$ c.-----------

d. A leased asset $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ d.-----------

e. Current portion of longy-term debt $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ e. -----------

f. An asset witha lease term of $75 \%$ of the $\quad$$\quad$$\quad$$\quad$$\quad$ f.-----------

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Definitions:

Excitatory

Referring to substances or signals that increase the activity of the brain or other body systems, potentially leading to heightened arousal or action.

GABA

GABA (gamma-aminobutyric acid) is the main inhibitory neurotransmitter in the nervous system, playing a critical role in reducing neuronal excitability and regulating muscle tone.

Glutamate

An amino acid that acts as a neurotransmitter in the central nervous system.

Acetylcholine

A neurotransmitter in the nervous system that plays complex roles in transmitting nerve impulses at synapses, including muscle stimulation, attention, arousal, and memory.