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