中级财务教材新会计英文ch08.pptVIP

Liabilities Chapter 8 Learning Objectives Explain the characteristics of a liability. Account for compensated absences. Understand and record payroll taxes and deductions. Record property taxes. Account for warranty costs. Explain the terms “probable,” “reasonably possible,” and “remote” related to contingencies. Record and report a loss contingency. Disclose a gain contingency. Learning Objectives 10. Explain the reasons for issuing long-term liabilities. 11. Understand the characteristics of bonds payable. 12. Record the issuance of bonds. 13. Amortize discounts and premiums under the str