financial and managerial accounting liabilities

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1、c10Liabilities.inddPage4748/22/111:30PMuser-F409/Users/user-F409/DesktopChapter10LiabilitiesFeatureStoryFinancingHisthatfailed:amedicaldiagnostictool,adevicetoeliminatecarpaltunnelDreamssyndrome,custom-designedsneakers,Whatwouldyoudoifyouhadagreatandadevicetokeeppeopl

2、efromideaforanewproductbutcouldntfallingasleepwhiledriving.comeupwiththecashtogettheAnotherideawascomputerizedgolfbusinessofftheground?Smallclubsthatanalyzeagolfersswingbusinessesoftencannotattractandprovideimmediatefeedback.investors.NorcantheyobtainMurdocksawgreatpo

3、tentialinthetraditionaldebtfinancingthroughidea:Manygolfersarewillingtoshellbankloansorbondissuances.Instead,outconsiderablesumsofmoneyfortheyoftenresorttounusual,anddevicesthatmightimprovetheircostly,formsofnontraditionalgame.ButMurdockhadnocashtofinancing.develophispr

4、oduct,andbanksandSuchwasthecaseforWilbertotherlendershadshiedaway.RatherMurdock.MurdockgrewupinaNewthangiveup,MurdockresortedtoYorkhousingproject,andalwayshadcreditcardsinabigway.Hequicklygreatambitions.Thisambitiousspiritowed$25,000tocreditcardledhimintosomebusinessv

5、enturescompanies.✔TheNavigatorLearningObjectivesScanLearningObjectivesAfterstudyingthischapter,youshouldbeableto:ReadFeatureStory1Explainacurrentliability,andidentifythemajortypesofReadPreviewcurrentliabilities.2Describetheaccountingfornotespayable.ReadtextandanswerDO

6、IT!p.4813Explaintheaccountingforothercurrentliabilities.p.488p.492p.494p.4954Explainwhybondsareissued,andidentifythetypesofbonds.WorkComprehensiveDOIT!p.4985PreparetheentriesfortheissuanceofbondsandinterestReviewSummaryofLearningObjectivesexpense.6Describetheentrieswh

7、enbondsareredeemedorconverted.AnswerSelf-TestQuestions7Describetheaccountingforlong-termnotespayable.CompleteAssignments8Identifythemethodsforthepresentationandanalysisoflong-termliabilities.GotoWileyPLUSforpracticeandtutorials✔TheNavigatorReadALookatIFRSp.533474c10Li

8、abilities.inddPage4758/22/111:30PMuser-F409/Users/user-F409/DesktopWhilefundingabusinesswithcreditcardsmightsoundMurdocksdeb