Why are present and long-term liabilities significant to, Ask an Expert

Accounting

Describe and answer the given problems:

a) Why are present and long-term liabilities significant to internal users like management and external users such as investors and creditors?

b) describe why is it significant to disclose contingencies?

c) How do operating and capital leases relate to the liabilities?

prepare down a 350 to 500 word summary.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M923235

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