Liabilities: General Issues Case Solution & Answer

This Case is about BUSINESS LAW, CORPORATE GOVERNANCE, FINANCIAL MANAGEMENT

PUBLICATION DATE: May 02, 2016 PRODUCT #: IES534-HCB-ENG

This article is regarding the introduction to obligations. It defines indebtedness and differentiates it from obligations and contingent obligations. It describes the best way to recognize and quantify obligations in general. Eventually, the notes concentrates its focus on provisions (i.e., estimated obligations) and exemplifies their bookkeeping with two common examples: guarantee obligations and restructuring obligations. The note “Long-Term Debt and Bonds” can be used to complement this note.

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