Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 23

Financial Statement Presentation of Liabilities
As of December 31 of the current year, Petersen Corporation has prepared the following information regarding its liabilities and other obligations:

Instructions
a. Prepare a listing of the Petersen Corporation's current and long-term liabilities as they should be presented in the company's December 31 balance sheet.
b. Briefly explain why you have excluded any of the listed items in your listing of current and long-term liabilities.