You are the senior accountant responsible for recording

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Reference no: EM13591010

You are the senior accountant responsible for recording accrued liabilities at the end of the company's fiscal year. Discuss with your classmates on this discussion board how to determine the amount that needs to be reported as an accrued liability on the financial statements. What information do you think you would need? How would you record the liability? Is it current or non-current? How would you determine if it is current or non-current? What disclosures will be required to support the amount reported on the balance sheet? Students are expected to respond to these and any other questions brought up by classmates.

Reference no: EM13591010

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