Amelia brown is studying towards bs in finance from perella weinberg partners and currently working as global equity analyst intern for macquarie group. emilia is new and asked to find errors that may happen in some fo the financial statements. she was taking notes starting from the balance sheet and the current assets vs. current liabilities. in her list, which of the following items should not be on a firm's balance sheet under current liabilities:
1. cost of goods sold.2. accounts payable.3. short-term notes payable to the bank.4. accrued wages.5. accrued payroll taxes.

The cost of good sold should not be on a firm's balance sheet under current liabilities.

Hence, the correct option is 1. Cost of Goods sold

Explanation:

Current Liabilities : The current liabilities are the short term liabilities which is occur for less than one year. It is a short term obligations which the firm has ti pay within one year.

It includes accounts payable, bills payable, income tax payable, accrued expenses,  etc.

In the given question, the Accounts payable, Short-term notes payable to the bank, Accrued wages, and Accrued payroll taxes are current liabilities while cost of goods sold is an expense for a company which is not shown in the balance sheet.

The cost of good sold is shown in the income statement.

Thus, the cost of good sold should not be on a firm's balance sheet under current liabilities.

Hence, the correct option is 1. Cost of Goods sold

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation: