Question

Where can I find the non interest bearing liabilities on the balance sheet of macy's for 2019

Answer 1

Non Interest-bearing liabilities are the short- term period liabilities which are payable within one year. As the name suggests It does not bear any amount of interest charges on it If The company does not pay it within the time frame of one year. Accounts payables and without penalities payment of taxes are the example of non- interest-bearing liabilities category. In the balance sheet of the company, these are shown under the category of "Current Liabilities''. These expenses are applicable to individuals as well as for companies. Hence Non- Interest-Bearing liabilities of Macy's will be on the asset side of the balance sheet in the "Current Liabilities" Section.