Class Discussion ACC-291What is an accrued expense, accounting homework help

  1. What is an accrued expense, why is it used and how is it accounted from one period to the next?

  2. What is a bond and why do companies use them?   Do you think a bond sold at a discount is better or one at a Premium?

  3. There is a GAAP principle that the accrual is a tool for.  Can any of you tell me what that principle is?

  4. Brief discussion on Long-Term Liabilities.

  5. Brief discussion on Off-Balance Sheet Financing.

  6. Brief discussion on Capital Leases.

  7. Brief discussion on Promissory Notes.