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Match these terms with their correct definition. - Accrued liabilities - Long - term debt - Contingent liabilities - Bond - Warranty - Maturity A
Match these terms with their correct definition.
Accrued liabilities
Longterm debt
Contingent liabilities
Bond
Warranty
Maturity
A
Guarantees the repair or replacement of defective goods during a specified period following the sale.
B
A type of liability which requires the issuing entity to pay the face value to the holder on the maturity date and to pay interest periodically at a specified rate. Breaks up a large debt into smaller increments, usually $
C
Liabilities created by adjusting entries that represent the completed portion of activities in process at the end of the period.
D
Liabilities that do not mature within one year.
E
Term referring to the date that a bond or notes principal has to be repaid.
F
Obligations whose amounts, timing, or recipient depend on future events
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