On its Statement of financial position a business would report as a current liability the amounts: (a)

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On its Statement of financial position a business would report as a current liability the amounts:
(a) It intends to repay within one year of the end of accounting period
(b) It intends to pay immediately after the accounting period
(c) It intends to pay as early as possible but not later than a month after the accounting period
(d) It hopes to repay one day

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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