characteristics of liabilities

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 For this   assignment, compose an essay that answers the following  questions:

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

Your essay must be at least one page in length. Be sure to  include an   introduction that gives the purpose of your essay and engages the  reader. You   must use at least your textbook as a reference, but you may use  other   resources  as needed. Any information from a resource must be cited and    referenced in APA  style, and your essay should be formatted in accordance with    APA  guidelines.

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