Name a company and what types of current liabilities might exist at the company?
Describe at least three, and state if they are estimated liabilities or determinable liabilities.© BrainMass Inc. brainmass.com June 3, 2020, 8:45 pm ad1c9bdddf
From Yahoo Finance, I viewed the latest Form 8-K filed October 18 for Google. The current liabilities section of the condensed balance sheet shows five categories or line items:
Accrued compensation and benefits
Accrued expenses and other current liabilities
Accrued revenue share
Accounts payable would normally be all determinable liabilities, but there certainly could ...
The solution uses Google for an example and lists the actual current liabilities posted in a recent 8-K filed with the SEC. There is an explanation of each category of liabilities and those which might include estimated amounts.