中级财务会计苗英文ch08.pptVIP

中级财务会计英文ch08;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. ;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 straight-line method. 14. Compute the selling price of