Complete CH 9 AND 11 FOR FINANCIAL ACCOUNTING COURSE

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Business Finance

Plant Assets, Natural Resources, and Intangibles

Current Liabilities and Payroll

Objectives: When you complete this unit, you should be able to:

  • Describe current and long-term liabilities and their characteristics.
  • Explain how to account for liabilities, including contingent liabilities.
  • Prepare entries to account for accounts payable, short-term notes payable, and taxes payable.
  • Record depreciation using the various methods.
  • Account for asset disposal through discarding or selling an asset.

In-class Activities:

  • Current Liabilities
  • Reading: Chapters 9,11
  • Homework Ch. 9,11