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Unformatted text preview: current) B, Items have been excluded:-Interest expense: This interest expense will only be incurred in the next 12 months and not at this point of time. Time has not passed yet thus excluded.-Lawsuit: it is still pending with an uncertain outcome. In addition, the cost of this lawsuit cannot be reasonably estimated at this point of time. -Salary: The contract for future transaction is commitment. It is not liabilities, but if material, it is disclosed in note to the financial statements. There is no obligation to make payments until the services are received....
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- Fall '09
- Current Liabilities, Transaction cost, $20,000, $260,000, $ 20,000