Question: 1. What is current liability? Explain between current and long term debt. 2. What types of liabilities are not counted on a company's books? 3,

1. What is current liability? Explain between current and long term debt.

2. What types of liabilities are not counted on a company's books?

3, Why can a company issue bonds at a lower interest rate than a company would have to pay on funds borrowed from a bank?

4. For interest rate calculations : can the interest rate be higher or lower than the stated rate If so, will the interest rates usually higher or lower ?

5. Are contingent liabilities recorded on the company's books? Why?

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