1. Describe three ways in which liabilities are used to finance business activities. (3 points available) 2. Described accrued liabilities. Give an example. (2 points available) 3. If a company has a long-term loan that has only two years remaining until it matures, how is it reported on the balance sheet ( 2 points available) A. this year B. next year 4. Why is Deferred Revenue considered a liability? (1 point available) 5. What is the difference between the stated interest rate and the market interest rate on a bond? ( 2 points available)