Question: What is the difference between a current liability and a long-term liability? Please provide examples of each. 2) What is a contingent liability? What is

What is the difference between a current liability and a long-term liability? Please provide examples of each. 2) What is a contingent liability? What is the criterion for determining this type of liability? Please provide examples of contingent liabilities. 3) Which payroll taxes are the employee's responsibility? Which payroll taxes are the employer's responsibility? 4) What are the advantages and disadvantages of issuing bonds instead of issuing stock? Why would a company decide to sell at a premium? Why would a company decide to see at a discount? What are the benefits of each to the company? To the investor

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