Imagine that you own or work for a business and discuss the following information: Identify and describe
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Question:
Imagine that you own or work for a business and discuss the following information:
- Identify and describe the type of business or organization you will be discussing.
- Discuss two examples of current liabilities that your business or organization might have. Please be specific.
- List one example of an estimated liability and one example of a contingent liability that your business or organization has or might have. Explain why it is estimated or contingent.
- How will these liabilities affect the financial statements?
Related Book For
Business Communication In Person, In Print, Online
ISBN: 978-1111533168
8th edition
Authors: Amy Newman, Scot Ober
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