Liability Wk_4_D_Q_1

++MUST BE ORIGINAL WORK.. MINIMUM WORDS 250 .. NO PLAGRAISM (will run report) .. Site all references APA STYLE 

Week 4 – Discussion 

Current Liability

What is a current liability?  From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities?  Based on your current experience as well as any additional research you may have done, provide two examples of situations where businesses collect monies from customers and employees and report these amounts as a current liability. 

Required Resources


  • K Wainwright, S. (Ed.). (2012). Principles of Accounting: Volume I . San Diego, CA: Bridgepoint Education, Inc.
    • Chapter 7: Current Liabilities
    • Chapter 8: Corporate and Partnership Equity