Financial Accounting: Tools for Business Decision Making, 8e WileyPLUS (next generation) + Loose-leaf
Financial Accounting: Tools for Business Decision Making, 8e WileyPLUS (next generation) + Loose-leaf
8th Edition
ISBN: 9781119491057
Author: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Publisher: Wiley (WileyPLUS Products)
Question
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Chapter 10, Problem 8Q

(a)

To determine

Long-term liabilities

Long-term liabilities are obligations that the company needs to pay after at least one year or more. Long term liabilities are otherwise called as long-term debt.

To describe: The term long-term liabilities and give two examples.

(b)

To determine

To describe: The term bonds.

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Chapter 10 Solutions

Financial Accounting: Tools for Business Decision Making, 8e WileyPLUS (next generation) + Loose-leaf

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