Financial Accounting
10th Edition
ISBN: 9781119298229
Author: Weygandt, Jerry J.; Kieso, Donald E.; Kimmel, Paul D.
Publisher: WILEY
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Question
Chapter K, Problem 6Q
To determine
Other significant liabilities
Other significant liabilities are liabilities other than current and long-term liabilities. These liabilities have a significant impact on the future
Fringe benefits
Fringe benefits are an additional benefit received by an employee other than his/her wages. Life insurance coverage, health insurance, company car etc. are the examples of fringe benefits.
To Identify: The three additional types of fringe benefits associated with employees' compensation.
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