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Needles Accounting Resource Center
Financial & Managerial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College
Learning Objectives
Chapter 9: Current Liabilities
  1. Identify the management issues related to recognition, valuation, classification, and disclosure of current liabilities.
  2. Identify, compute, and record definitely determinable and estimated current liabilities.
  3. Define contingent liability.
  4. Compute and record the liabilities associated with payroll accounting.


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