Welcome to the 1520 Perfect Dictionary
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| Long-term liability | |
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| LONG-TERM LIABILITY Definition: (finance) An amount owed by a business that does not have to be paid in the next twelve months. ______________________________________________________________________ * All six elements should be in. 1. The amount was authorized to be incurred as a liability. 2. Loan was used or will be used as approved (connect to #1). 3. The indebtedness will be entered in the accounting books. 4. Does not get rescheduled or renegotiated on its due date. 5. Will be offset or settled, soon after the twelve months. 6. The loan served the purpose(s) as was exactly hoped for. ________________________________ See perfect OPPORTUNITY COST. | |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |