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1. Discuss the conventional financial reporting for the current portion of long-term debt. Include the implications of this approach. 2. Describe the current flaw, according
1. Discuss the conventional financial reporting for the current portion of long-term debt. Include the implications of this approach.
2. Describe the current flaw, according to the author, in U.S. GAAP/IFRS financial standards that distorts working capital and liquidity calculations for many companies.Step by Step Solution
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1 Working capital is the difference between the current asset and current liabilities of a company a...
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
