Although most liabilities are debts, the term debt capital refers only to noncurrent liabilities. Debt capital therefore

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Although most liabilities are debts, the term debt capital refers only to noncurrent liabilities. Debt capital therefore refers to liabilities that come due [within 1 year / sometime after 1 year].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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