Liability Wk_4_D_Q_1
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Week 4 – Discussion
| Current Liability |
What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done, provide two examples of situations where businesses collect monies from customers and employees and report these amounts as a current liability.
Required Resources
Text
- K Wainwright, S. (Ed.). (2012). Principles of
Accounting: Volume I . San Diego, CA: Bridgepoint Education, Inc.
- Chapter 7: Current Liabilities
- Chapter 8: Corporate and Partnership Equity
Multimedia
- Education Unlocked. (2014, August 29). Capital stock (common stock and preferred stock) [Video file]. Retrieved from https://www.youtube.com/watch?v=TZ2uWgtQXBo
Accessibility Statement
Privacy Policy - Education Unlocked. (2014, August 29). Current liabilities [Video
file]. Retrieved from https://www.youtube.com/watch?v=3stZc3wAbhw
Accessibility Statement
Privacy Policy - Mursau, A. (2013, January 22). Current liabilities accounting (payroll deductions, employee vs
employer payables & expenses) [Video
file]. Retrieved from https://www.youtube.com/watch?v=Lcll-Cx3qoY
Accessibility Statement
Privacy Policy
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