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MATCH a) A correction of a previously undetected error in a year before the current year. b) Long-Term prepayments (also called deferrals) c) Events that
MATCH
a) A correction of a previously undetected error in a year before the current year.
b) Long-Term prepayments (also called deferrals)
c) Events that could create negative financial results
d) A minimum cash balance that the depositor company must maintain
e) Borrowing money in ways to avoid recording the liability
_____ 1. Compensating Balances
_____ 2. Off-Balance-Sheet Financing
_____ 3. Contingent Liabilities
_____ 4. Prior Period Adjustments
_____ 5. Deferred Charges
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