Indicate with an "X" Whether Each Description Results in the Reporting

question 10

Essay

Indicate with an "X" whether each description results in the reporting of a current liability,long-term liability,or neither on the company's balance sheet.Assume a December 31,2011 yearend.

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Definitions:

Highway Bills

Legislation passed by a legislative body that pertains to the construction, maintenance, and regulation of roads and highways.

Autonomous Stage

A phase of learning or development where an individual becomes capable of performing tasks independently and efficiently without guidance.

Power

Power in a social or psychological context can refer to the capability or capacity to influence the behavior of others or the course of events.

Choices

Decisions or options from which one or more may be selected.