- Do you think the same person who receives cash payments should also prepare the bank reconciliation? Give at least one reason to support your answer.
- Identify a company, business, or organization in your community (it can be one for which you work), and share some examples of current and long-term liabilities for that company. Reflect on the financial statement presentation requirements for the companys current and long-term liabilities. Based on what you have learned, what changes would you make, if any? Why, or why not?
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