Essay Assignment
Compose an essay that answers the following questions:
What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term? Include examples of short and long-term liabilities in your response.
Your essay must be at least one page in length. Be sure to include an introduction that gives the purpose of your essay and engages the reader. You must use at least your textbook as a reference, but you may use other resources as needed.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.
Text Book being used is Miller-Nobles, T., Mattison, B., & Matsumura, E. M. (2016). Horngren's accounting (11th ed.). Boston, MA: Pearson.