| Chapter 8: Current Liabilities and the Time Value of Money
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Chapter 8: Current Liabilities and the Time Value of Money

Learning Objectives

  1. Identify the management issues related to current liabilities.
  2. Identify, compute, and record definitely determinable and estimated current liabilities.
  3. Distinguish contingent liabilities from commitments.
  4. Define the time value of money, and apply it to future and present values.
  5. Apply the time value of money to simple accounting situations.




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