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Georgia lazenby believes a current liability is a debt that

Running Head: Assignments from the Readings

1) Georgia Lazenby believes a current liability is a debt that can be expected to be paid in one year. Is Georgia correct? Explain.

(a) What are long-term liabilities? Give two examples.
(b) What is a bond?

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Accounting Basics: Georgia lazenby believes a current liability is a debt that

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