In 2010 LinkedIn reported trade payable obligations totaling $10 8 million in other accrued expenses within accrued liabilities instead of accounts payable In 2011, note 2 in the 10 K financial statements described the use of accrued liabilities instead of accounts payable as a classification Do yo...

Accounts payable is a liability account normally it is considered a current liabilit ...

In 2010 LinkedIn reported trade payable obligations totaling $10.8 million in other accrued expenses within accrued liabilities

Question:

In 2010 LinkedIn reported trade payable obligations totaling $10.8 million in other accrued expenses within accrued liabilities instead of In 2011, note 2 in the 10-K described the use of accrued liabilities instead of as a classification. Do you believe LinkedIn’s accounting qualifies as a financial shenanigan? Why or why not?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...