BuboFlash - helps with learning

Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.

Presentation
Question

Answer

Tags

#analyst-notes #cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets

Question

One type of long term liabilities:

Obligations dependent upon the occurrence of a future event, such as [...]

Answer

services or product warranties

If you want to change selection, open document below and click on "Move attachment"

Subject 1. Components and Format of the Balance Sheet
expected to be liquidated within the normal operating cycle but instead at some date beyond that time. Bonds payable, notes payable, deferred income taxes, lease obligations, and pension obligations are the most common long-term liabilities. <span>Generally they are of three types: Obligations arising from specific financing situations, such as issuance of bonds, long-term lease obligations, and long-term notes payable. Obligations arising from the ordinary operations of the enterprise, such as pension obligations and deferred income tax liabilities. Obligations that are dependent upon the occurrence or non-occurrence of one or more future events to confirm the amount payable, or the payee, or the date payable, such as services or product warranties and other contingencies. Owner's Equity The complexity of capital stock agreements and the various restrictions on residual equity imposed by state corporation laws, liability agreemen

Summary

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Details

No repetitions

Discussion

Do you want to join discussion? Click here to log in or create user.