Question
Can I get an example ofSometimes, a liability may look like a current liability; but the company may report it correctly as a long-term liability
Can I get an example ofSometimes, a liability may look like a current liability; but the company may report it correctly as a long-term liability at the balance sheet date. When is that possible? On the other hand, a liability might look like it is a part of a long-term liability; but it may be reported correctly under current liabilities. How's that possible? Anybody?
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
