Classification of current and non-current liabilities is important for the following reason(s): a. Allows external users to

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Classification of current and non-current liabilities is important for the following reason(s):

a. Allows external users to assess whether the company has the ability to pay, enabling better financial analysis and decision making

b. Internal decision makers can understand which obligations are due so they can plan and take action

c. Both A and B are true.

d. None of the above.

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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 13, 2019 09:37 AM

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Classification of current and non-current liabilities is important for the following reason(s): a. Allows external users to

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Fundamental Accounting Principles Volume II

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