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Liability Recognition and Nonowner Financing Required a.What does the term current liabilities mean? b.What is an accrual? How do accruals impact the balance sheet and
Liability Recognition and Nonowner Financing
Required
a.What does the term current liabilities mean?
b.What is an accrual? How do accruals impact the balance sheet and the income statement?
c.How do credit (debt) ratings affect the cost of borrowing for a company?
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