Explain the circumstances that could result in a long-term bank loan being shown in a statement of
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Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
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A longterm bank loan is typically classified as a noncurrent liability on a companys statement of financial position also known as the balance sheet because it represents a debt that is expected to be ...View the full answer
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Related Book For 
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
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