1. What types of long-term liabilities do you have at your organization?
2. What are the provisions and requirements in the stock option or employee stock purchase plan at your employer?
1. We have several types of long-term liabilities at our organization. We carry a mortgage, originally signed in 2002, when we expanded our operations and had outgrown our much smaller, previous office location. We also carry a $50,000 five-year note payable, signed by our company in 2010. The primary reason for the note was to upgrade our equipment, and restructure operations where needed to serve the public in the most economic, optimal manner possible. Other long-term liabilities our company carries include post-employment benefit obligations, and ...
The solution discusses the long-term liabilities and stock option provisions of an employer at an actual firm.