Do you think the same person who receives cash payments should also prepare the bank reconciliation? Give at least one reason to support your answer.

Identify a company, business, or organization in your community $($it can be one for which you work$),$ and share some examples of current and long$-$term liabilities for that company. Reflect on the financial statement presentation requirements for the company$$s current and long$-$term liabilities. Based on what you have learned, what changes would you make, if any? Why, or why not?