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CONCEPTUAL

C1 Describe current and long-term liabilities and their characteristics. (p. 370)

C2 Identify and describe known current liabilities. (p. 372)

C3 Explain how to account for contingent liabilities. (p. 382)

ANALYTICAL

A1 Compute the times interest earned ratio and use it to analyze liabilities. (p. 384)

PROCEDURAL

P1 Prepare entries to account for short-term notes payable. (p. 373)

P2 Compute and record employee payroll deductions and liabilities. (p. 376)

P3 Compute and record employer payroll expenses and liabilities. (p. 377)

P4 Account for estimated liabilities, including warranties and bonuses. (p. 379)

P5 Appendix 9A—Identify and describe the details of payroll reports, records, and procedures. (p. 387)