Published on October 20, 2015
ACC 422 Week 4 DQ 1 For more classes visit www.snaptutorial.com Week 4 – DQ 1 What are the criteria for classifying an item as a current liability? What are some examples of current liabilities? Why is it important to classify a portion of long-term debt on a yearly basis as a current liability? What is the implication of misclassifying a liability as current or long-term?