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1. Discuss accrual accounting & matching. 2. Give an example of a contingent liability that a corporation would need to accrue for and disclose. Discuss

1. Discuss accrual accounting & matching.

2. Give an example of a contingent liability that a corporation would need to accrue for and disclose. Discuss why.

3. Discuss the business differences between operating and finance leases and give real examples of each.

4. Debt (both Current and Long-Term) vs Equity Differences, Pros and Cons of each

5. Explain what DTAs and DTLs are and why they are necessary

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