Instructions: Principles of Accounting

In this unit, you examine different types of liabilities. For thisassignment, compose an essay that answers the following questions:

What are three main characteristics of liabilities, and why is it importantto classify liabilities into short-term and long-term? Include examples ofshort and long-term liabilities in your response.

Your essay must be at least one page in length. Be sure to include anintroduction that gives the purpose of your essay and engages the reader. Youmust use at least your textbook as a reference, but you may use otherresources as needed. Any information from a resource must be cited andreferenced in APA style, and your essay should be formatted in accordance withAPA guidelines.

Study Guide is attached for review for this assignment.