Ch 7: Current and Long-Term Liabilities in Accounting: Tutoring Solution

About This Chapter

The Current and Long-Term Liabilities in Accounting chapter of this College Financial Accounting Tutoring Solution is a flexible and affordable path to learning about current and long-term liabilities. These simple and fun video lessons are each about five minutes long and they teach all of the information involving current and long-term liabilities required in a typical college financial accounting course.

How it works:

  • Begin your assignment or other financial accounting work.
  • Identify the current and long-term liabilities in accounting concepts that you're stuck on.
  • Find fun videos on the topics you need to understand.
  • Press play, watch and learn!
  • Complete the quizzes to test your understanding.
  • As needed, submit a question to one of our instructors for personalized support.

Who's it for?

This chapter of our college financial accounting tutoring solution will benefit any student who is trying to learn current and long-term liabilities and earn better grades. This resource can help students including those who:

  • Struggle with understanding known liabilities, contingent liabilities, bond financing or any other long-term liabilities topic
  • Have limited time for studying
  • Want a cost effective way to supplement their accounting learning
  • Prefer learning accounting visually
  • Find themselves failing or close to failing their current and long-term liabilities in accounting unit
  • Cope with ADD or ADHD
  • Want to get ahead in financial accounting
  • Don't have access to their accounting teacher outside of class

Why it works:

  • Engaging Tutors: We make learning current and long-term liabilities in accounting simple and fun.
  • Cost Efficient: For less than 20% of the cost of a private tutor, you'll have unlimited access 24/7.
  • Consistent High Quality: Unlike a live financial accounting tutor, these video lessons are thoroughly reviewed.
  • Convenient: Imagine a tutor as portable as your laptop, tablet or smartphone. Learn current and long-term liabilities on the go!
  • Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.

Learning Objectives

  • Identify the characteristics of current and long-term liabilities.
  • Provide examples of current known liabilities.
  • Learn how to account for estimated and contingent liabilities.
  • Measure long-term liabilities using present value and future value concepts.
  • Explain how to account for long-term liabilities.
  • Describe the characteristics of different types of bonds.
  • Discuss the advantages of bond financing.
  • Determine the issuance price of a bond.
  • Explain how to account for bonds that were issued at a discount or premium.
  • Learn how to record bond retirements.
  • Determine a company's leverage and its ability to repay loans using debt-related financial ratios.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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