Chapter 15: Current Liabilities and Contingencies (Cambridge)
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Horizontales
Type of notes payable based on debtor's general creditworthiness.
Future event is more than remote but less than likely.
Future event occurrence is slight.
Unsecured notes by corporations sold in denominations of at least $25,000 due in 1 to 270 days.
Abbreviation for where employers remit federal income taxes.
Events that occur after the balance sheet date and before financial statements are issued.
Guarantee of future payment to a customer.
Abbreviation for taxes withheld from paychecks for Social Security and Medicare.
Type of warranty that provides that a product will function as intended.
Laws dealing with abandoned property.
Type of warranty that provides service for a product in addition to assurance.
Company paid absences for holidays, vacations, and illnesses.
Type of taxes collected at point of sale of property or services.
Verticales
Potential loss or gain based upon whether a future event occurs.
A line of credit with a formal agreement in exchange for a fee.
Occurs when gift card redemption is remote or expired.
A government takes private property for the benefit of public interest.
Obligations arising from a company's normal ongoing operations.
Abbreviation for payroll taxes used to finance federal unemployment compensation programs.
A line of credit with an informal agreement.
Future event is likely to occur.
Type of notes payable with specific assets pledged.
A salary award that is not permanent.
When an employee benefit is no longer contingent on continuing employment.
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