Question
Debt guarantees: A-debt guarantees are never disclosed in a financial statement B-are considered to be contingent liability C- a bad business practices D-are recorded as
- Debt guarantees:
A-debt guarantees are never disclosed in a financial statement
B-are considered to be contingent liability
C- a bad business practices
D-are recorded as liability even though it's highly unlikely and that they originated that there will default
E-all of the above
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
