For almost all states who is paying taxes for unemployment? The employer, employee or both.

Why would your creditor prefer a note payable instead of an account payable to him/her? What are the situations where a creditor may ask for a promissory note?

What if we have a note payable due once a year for five years. Is it a current liability or a long term liability? How do we show it on the balance sheet?

What is a contingent liability? Someone give examples.