Lec10_08 - Finish Liabilities Introduction to Liabilities...

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Finish Liabilities
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Introduction to Liabilities A.How are they measured? 3 B.Why is deferred revenue a liability? 5 C. Contingent Liability How measured? 10 D. Time value of money 12 Deriving Formulas From Chapter 9 early questions.
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Working capital What are working capital and current ratio? Problem to determine working capital and current ratio. E9-1
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Employee fringe benefits What are fringe benefits? FICA taxes--what are they? What is the way a company reports these items? Problem E9-3
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Beginning to work with Interest Recording interest and payoff of note payable. Examining why firms take on different types of debt? E9-4 E9-21 E9-14
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Are leases liabilities? What is the issue? Getting a better feel for problem. E9-9
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Bonds - Terminology Maturity Value Value given on face of the bond. Coupon Rate =rate stated on face of bond. Issue Price Selling Price Present discounted value of future payments at date of issuance of bond using market interest rate. Future Payments = Maturity Value +Interest Payments
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This note was uploaded on 09/18/2008 for the course ACCT 2050 taught by Professor Sanjay during the Spring '08 term at Minnesota.

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Lec10_08 - Finish Liabilities Introduction to Liabilities...

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