Read: Revsine: Chapter 12 

Read: Chapter 12 – Financial Instruments and Liabilities

Watch: Module 5 Presentation

Discussion Thread: Liabilities and Economic Sacrifices

Liabilities are probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or to provide services to other entities in the future as a result of past transactions or events.

Do you agree or disagree with this statement? Why would a company consider a liability to be a sacrifice for the future growth? Explain your reasoning.

The best business advice comes from God and his Word. There are many instances in the Bible that show God’s response to building a business. God’s Word shows that He believes in hard work and growing the business in an ethical manner. Luke 8:14-15 states “The seed which fell among the thorns, these are the ones who have heard, and as they go on their way they are choked with worries and riches and pleasures of this life and bring no fruit to maturity. But the seed in the good soil, these are the ones who have heard the word in an honest and good heart, and hold it fast, and bear fruit with perseverance.” Review this scripture in Luke and provide an additional scripture that explores how to grow the business without sacrificing ethics or one’s morality.

DISCUSSION ASSIGNMENT INSTRUCTIONS
The student will complete Discussions in this course.
thread of at least 400 words
scholarly citation in APA format and at least one Bible verse. The integration of the Bible verse
and the discussion content should be evident. Each reply must incorporate at least 1 scholarly
citation in APA format. Any sources cited must have been published within the last five years.
Acceptable sources include the textbook, and scholarly sources from the Library’s databases.