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Define accrued liabilities

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Reference no: EM132672025

Problem 1: What are the major differences between current and long-term liabilities? Which one is more important, why and why not?

Problem 2: Define accrued liabilities. Use account examples to illustrate your points.

Problem 3: How to report current liabilities for those accounts that need not pay interests whereas those interests must be paid? If you are a manager, how are you going to take advantage of these accounts?

Reference no: EM132672025

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