Pick 3 of the items below and give it your best shot in answering the questions of your choice. Why does it make a difference if liabilities are divided properly between current and long-term liabilities? What is the current operating cycle again, and why can't we just always use one year? Why is correct payroll calculation so important? Why can't vacation pay and regular pay be combined? Is the cost of product warranties going up or down now on a company's books? a up or down at this time in the economy? Why do we have to record product warranty liability when only a small percentage of goods are ever repaired or replaced? Can't a company record a large product warranty liability one year in an effort to reduce income and then not record any next year to increase income? . How can a compan y record pension liabilities when it doesn't know how much an employee will receive or how long an employee will draw Type here to searoh