Accounting Discussion Questions ACC/422
Discussion Questions: Chapter 13 & 14 : Intermediate Accounting
Please answer each question individually in at least 120 words per.
Why is unearned revenue a liability and not asset
Why is it important to classify a portion of long-term debt on a yearly basis as a current liability
What are the criteria for recording contingencies
How do you value bonds What factors can affect that value
What are the two methods for recording amortization of bond premiums and discounts Which is best Why