Question
A company had $100,000 in short-term debt at December 31, 2019. The company refinanced this liability on a long term basis subsequent to the end
A company had $100,000 in short-term debt at December 31, 2019. The company refinanced this liability on a long term basis subsequent to the end of the year but before the financial statements were issued. How should this liability be presented, according to IFRS and US GAAP, in the company's year-end financial statements?
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Heres how the company should present the shortterm debt in its yearend financial statements accordin...
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
