After going over our 9th chapter and based on what you learned this week, make sure to answer 2 of them fully.
Define what are liabilities, list three characteristics of one as well as the primary issues in accounting for current liabilities.
What two criteria must be met before a company can classify short-term debt that is expected to be refinanced as a noncurrent liability?
How does a company demonstrate the ability to refinance currently maturing short-term debt?
How does unearned revenue arise? how is it reporting on a company’s balance sheet?
List and explain the types of liabilities that an employer incurs relating to payroll.
Define what is contingency and how does the matching principles and conservatism enter in the accounting for contingencies?
The minimum length for this discussion board are 2 paragraphs (8-10 lines each)
