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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
At December 31, 2013, Newman Engineerings liabilities include the following: 1. $10 million of 9% bonds were issued for $10 million on May 31, 1994. The bonds mature on May 31, 2024, but bondholders have the option of calling (demanding payment on) the bonds on May 31, 2014. However, the option to call is not expected to be exercised, given prevailing market conditions. Is this a current or non current liability?
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