11.Explain why short-term notes often have a face amount that differs from the cash received upon signing a note payable. Describe what this difference represents. 12.How is unamortized interest on...

11.Explain why short-term notes often have a face amount that differs from the cash received upon signing a note payable. Describe what this difference represents.

12.How is unamortized interest on short-term notes payable reported on a balance sheet?

13.Harrison Inc. issues community concert season tickets to a number of corporations for $1,000 each. Revenue is accrued equally throughout the season that the pass is valid. How should Harrison Inc. report any amounts that have not yet been recognized as revenue?

14.Why are gain contingencies typically omitted from financial statement disclosure?

15.What impact have environmental cleanup costs had on corporate disclosures?