Discuss the objectives for Week Four and Five and answer thefollowing questions:

Discuss the objectives for Week Four and Five and answer thefollowing questions: Why are current and long-term liabilities important to internalusers such as management and external users such as investors andcreditors? Why is it important to disclose contingencies? How do operating and capital leases relate to liabilities?Write a 350- to 500-word summary of your Learning Teamsdiscussion.