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Differentiate current liabilities to non-current liabilities

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Reference no: EM132793906

Questions -

Q1. Define liabilities.

Q2. What are the essential characteristics of an accounting liability?

Q3. Differentiate current liabilities to non-current liabilities.

Q4. How are short term liabilities initially measured as per accounting standard?

Q5. How are long-term liabilities initially measured as per accounting standard?

Q6. What is a contingent liability?

Q7. What are estimated liabilities?

Reference no: EM132793906

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