10. State and explain three ways of valuing good-will.
11. Is good-will subject to depreciation? Discuss.
12. What objection is there to using good-will to absorb the water in watered stock?
Chapter XIX
1. State the general problem of valuation as applied to liabilities.
2. How should the liabilities be classified?
3. What considerations must be taken into account to make sure that all liabilities are shown on the balance sheet?
4. How should current liabilities be classified?
5. What different classes of items may be included under the head, accounts payable? Under trade creditors?
6. What classes of items are listed under accrued expenses?