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This document of ACC 422 Week 5 Learning Team includes:
Learning Team Assignment: Assignments From the Text
• Resources: Intermediate Accounting
• Prepare written responses to the following assignments
from the text:
•Ch. 13: P13-4
•Ch. 14: E14-21
•CH. 21: E21-7
General Questions - General General Questions
Discuss the objectives for Week Four and Five and answer
the following questions:
Why are current and long-term liabilities important to
internal users such as management and external users such
as investors and creditors?
Why is it important to disclose contingencies?
How do operating and capital leases relate to liabilities?
Write a 350- to 500-word summary of your Learning Team’s
discussion.
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