Ch2- The Balance Sheet-9

Ch2- The Balance Sheet-9 - 2-3 ______________ and...

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Noncurrent Liabilities (cont.) Are, in substance, a “___________” rather than a “________” Affect both balance sheet and income statement 2-1 Capital Lease Obligations
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Noncurrent Liabilities (cont.) Can appear under the liability section of the balance sheet Can have a significant impact on corporate balance sheets Can also impact profitability by substantially increasing the recognition of annual postretirement benefit expense 2-2 Postretirement benefits Other Than  Pensions
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Noncurrent Liabilities (cont.) Intended to draw attention to the fact that required disclosures can be found in the notes to the financial statements
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Unformatted text preview: 2-3 ______________ and ______________ Noncurrent Liabilities (cont.) Refer to contractual agreements that will have a significant financial impact on the company in the ___________ For example: An _____________ _________ is a common type of commitment and is a form of _____-balance-sheet __________ 2-4 Commitments Noncurrent Liabilities (cont.) Refer to _____________ liabilities of the firm such as possible damage awards assessed in lawsuits 2-5 Contingencies Stockholders _________ Ownership equity is the __________ interest in ________ that remains after deducting _____________ 2-6...
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This note was uploaded on 02/10/2011 for the course AEB 3103 taught by Professor Cazanova during the Spring '08 term at University of Florida.

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Ch2- The Balance Sheet-9 - 2-3 ______________ and...

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