Types of Liabilities
Current Portion of Long Term Debt
Sales Tax Payable
Payroll and Payroll Taxes
Contingent Liabilities
Notes Payable
Introduction to Bonds and Bond Characteristics
Face Value Bonds
Discount on Bonds
Premium on Bonds
Straight Line Amortization of Bond Premium or Discount
Effective Interest Amortization of Bond Premium or Discount
Redeeming Bonds before Maturity
Ratios: Times Interest Earned (TIE)
GAAP vs. IFRS: Liabilities