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2 Cards in this Set
- Front
- Back
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Current Liabilities Defined
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Probable future sacrfices of econ. benefits arising from present obligations to transfer assets or provide services to other entities in the future as a result of past tranasactions and events.
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Example of Curent Liabilities
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1. A/P
2. N/P 3. Current maturities of long term debt 4. Short term obligations that are expected to be refinanced 5. Dividends payable 6. Refundable deposits 7. Unearned Revenue 8. Sales taxes payable 9. Property taxes payable 10. Income taxes payable 11. Employee related liab |
