Very often, failure to record a liability means failure to record a(n)

		footnote.
		asset conversion.
		revenue.
		expense

Most companies pay current liabilities

		by issuing stock.
		by creating other current liabilities.
		by issuing bonds payable.
		out of current assets, i.e. cash.

Regular cash dividends on common stock reduce the companys

		Paid-in-capital in excess of par.
		Common stock.
		Treasury stock.
		Retained earnings.