For each of the following items, indicate whether the item meets all of the criteria in the definition of a liability [Yes or No].If so, how does the firm value it? If not, why not?
a..Bonds payable.
b.Interest accrued but not paid on a note.
c.Confirmed orders from customers for goods and services to be delivered later.
d.Advances from customers for goods and services to be delivered later.
e.Promises by an airline to provide flights in the future in exchange for miles flown,
if customers accumulate a certain number of miles at regular fares.
f.Product warranties.
g.Contractual promises to purchase specific quantities of natural gas for each
of the next 10 years.
h.Damages the company must pay if it loses a pending lawsuit.
i.Future costs of restoring strip-mining sites after completing mining operations.

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The Answer of For each of the following items, indicate whether the item meets all of the criteria in the definition of a liability [Yes or No].If so, how does the firm value it? If not, why not?
a..Bonds payable.
b.Interest accrued but not paid on a note.
c.Confirmed orders from customers for goods and services to be delivered later.
d.Advances from customers for goods and services to be delivered later.
e.Promises by an airline to provide flights in the future in exchange for miles flown,
if customers accumulate a certain number of miles at regular fares.
f.Product warranties.
g.Contractual promises to purchase specific quantities of natural gas for each
of the next 10 years.
h.Damages the company must pay if it loses a pending lawsuit.
i.Future costs of restoring strip-mining sites after completing mining operations.

For Each of the Following Items, Indicate Whether the Item