Explain the concepts of current and long-term liabilities

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Essay Your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should be 300 to 400 words in length. Make sure to cite any references you use. Proper citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number.

Liabilities

Explain the concepts of current and long-term liabilities. Give at least five examples of current liabilities and five examples of long-term liabilities (10 total) accounts consisting of the definition and an example transaction to record the journal entry for each example.

Reference no: EM131343601

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