Assume that Theo Limited has a loan that is currently due at year end. The debt is

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Assume that Theo Limited has a loan that is currently due at year end. The debt is being refinanced with a 5-year loan and the deal to refinance the debt is signed two days after year end. How would the original loan be classified in the year end statements under IFRS and ASPE? Theo presents a classified statement of financial position.
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Intermediate Accounting Volume 2

ISBN: 9781119497042

12th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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