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LO 10.1: Explain the role of liabilities in financing a business
LO 10.2: Explain how to account for common types of current liabilities
LO 10.3: Analyze and record bond liability transactions
LO 10.4: Describe how to account for contingent liabilities
LO 10.5: Calculate and interpret the debt-to-assets ratio and the times interest earned ratio
LO 10.S1: Use straight line bond amortization
