Explain whether there is a difference between liabilities and expenses?

1.
Chapter 2
Explain whether there is a difference between liabilities and expenses? Why or why not??

2.
Chapter 3
So last week I asked the difference between a liability and an expense. So this week I am continuing the discussion for better understanding. Liabilities are what you owe. Yes most of you posted this. They are also on the Balance Sheet. There are current and long term liabilities where current are due to be paid in the next twelve months and long term are due longer than one year. Many of you put that Liabilities must be paid, but that is not entirely true. If you do not pay what you owe, your suppliers stop delivering product. If you do not pay your employees, they will not work for you anymore. If you do not pay your loans, your assets get repossessed.

Expenses are costs, USED, EXPIRED. So in other words an expense is something you have used and cannot get back. You have used your cell phone minutes and cannot get them back each month.

So my question this week is: How can one transaction involve an expense and a liability? The answer is very simple. Do not go to the book and repeat what the authors wrote. That would be plagiarism. Besides, I would not see that you understand if you do not use your own words.

3.
Chapter 4
Do you understand that accounting departments spend a great deal of time at the end of the month and even more on end of year. With this chapter in mind, why would this be true?

4.
Chapter 11
This chapter is about Stockholders Equity. So here are a few things I want discussed:

What does Treasury Stock do to Stockholders Equity and why does it do it?

What are the effects on Stockholders Equity with Cash Dividends, Stock Dividends or Stock Splits. If you were a stockholder which one would you want to receive?

5.
Chapter 12
What story does the Statement of Cash Flows tell the reader