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Letters of credit a. None of the other answers are correct b. Are counted on the balance sheet c. Are off-balance-sheet and considered to be
Letters of credit
a. None of the other answers are correct
b. Are counted on the balance sheet
c. Are "off-balance-sheet" and considered to be a contingent asset
d. Are "off-income-statement"
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
