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Future sacrifices - PowerPoint PPT Presentation

Current Liabilities

12. Current Liabilities. ...comes a present obligation. From a past event. ...for future sacrifices. Exh. 12.1. Characteristics of Liabilities. Past. Present. Future. Classifying Liabilities. Current Liabilities. Long-Term Liabilities.

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? The Balance Sheet - a snapshot of what we own and what we owe at one point in time,

In this chapter, we will cover the four financial statements that are provided by companies to shareholders and other interested parties:. ? The Balance Sheet - a snapshot of what we own and what we owe at one point in time,.

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Future sacrifices - PowerPoint PPT Presentation

Current Liabilities

? The Balance Sheet - a snapshot of what we own and what we owe at one point in time,