Unit VIII Essay

In this unit, you examine different types of liabilities. For this assignment, compose an essay that answers the following

questions:

What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term?

Include examples of short and long-term liabilities in your response.

Your essay must be at least one page in length. Be sure to include an introduction that gives the purpose of your essay and

engages the reader. You must use at least your textbook as a reference, but you may use other resources as needed. Any

information from a resource must be cited and referenced in essay should be formatted in accordance

with APA guidelines.