企业决策的基础财务会计分册第16版威廉姆斯Chap010.pptVIP

However, when a company needs large amounts of cash, one creditor may not be willing to take on all the risk of repayment. In this case, many companies issue bonds to lots of different people and entities to spread out the risk. One special type of long-term liability is an obligation that will mature in the current period but that is expected to be refinanced on a long-term basis. If management has both the intend and ability to refinance soon-to-mature obligations on a long-term basis, these obligations are classified as long-term liabilities. * Installment notes call for a series of payme