Payroll Liabilities MultiPeriod Known Liabilities McGrawHll 工资负债多期已知负债麦格劳山.pptVIP

下载本文档

24
0
约1.93万字
约 17页
2018-06-19 发布于福建
举报
版权申诉

Payroll Liabilities MultiPeriod Known Liabilities McGrawHll 工资负债多期已知负债麦格劳山.ppt

1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
7、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

Payroll Liabilities MultiPeriod Known Liabilities McGrawHll 工资负债多期已知负债麦格劳山

Employers must pay payroll taxes in addition to those required of employees. Employer taxes include FICA and unemployment taxes. Your employer must match your contributions for FICA and Medicare taxes, and in addition, must pay both federal and state unemployment taxes. When a known liability extends over multiple accounting periods, a portion will be classified as current and a portion as a long-term liability. We must make adjusting entries at the end of each accounting period for these multi-period liabilities. Two common multi-period liabilities include subscriptions and long-term notes payable that have a portion maturing each year. The current portion of long-term debt refers to that part of long-term debt due within one year or the operating cycle, whichever is longer. Many products sold are covered by a warranty. A warranty is a seller’s obligation to replace or correct a product (or service) that fails to perform as expected within a specified period. Most new cars, for instance, are sold with a warranty covering parts for a specified period of time. To comply with the full disclosure and matching principles, the seller reports the expected warranty expense in the period when revenue from the sale of the product or service is reported. The seller reports this warranty obligation as a liability, although the existence, amount, payee, and date of future sacrifices are uncertain. This is because such warranty costs are probable and the amount can be estimated using, for instance, past experience with warranties. Accounting for contingent liabilities depends on the likelihood that a future event will occur and the ability to estimate the future amount owed if this event occurs. Three different possibilities are identified in the chart shown: A company may be required to record the liability, disclose it in the notes, or not to disclose it at all. The likelihood of occurrence is considered to be either probable, possible, or remote. If the contingent