Problem
Instructions
In this unit, you examine different types of liabilities. For this 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.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.