Presented below is the current liabilities section of Micro Corporation. VIOZ. 2015 (S000) (5000) Current liabilities Notes

Presented below is the current liabilities section of Micro Corporation.

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VIOZ. 2015 (S000) (5000) Current liabilities Notes payable Accounts payable Compensation to employees Accrued liabilities Income taxes payable Current maturities of long-term debt Total current liabilities 68,713 $ 7,700 101,379 31,649 77,621 26,491 6,649 $493,797 $251,489 179,496 60,312 158,198 10,486 16,592 Answer the following questions. What is the theoretically correct way to value liabilities? How are current liabilities usually valued? What might be the items that comprise Micro's liability for "Compensation to employees"? VIOZ. 2015 (S000) (5000) Current liabilities Notes payable Accounts payable Compensation to employees Accrued liabilities Income taxes payable Current maturities of long-term debt Total current liabilities 68,713 $ 7,700 101,379 31,649 77,621 26,491 6,649 $493,797 $251,489 179,496 60,312 158,198 10,486 16,592 Answer the following questions. What is the theoretically correct way to value liabilities? How are current liabilities usually valued? What might be the items that comprise Micro's liability for "Compensation to employees"?