Question
To determine if a liability should be classified as short-term versus long-term, the accountant should look at the _____ of the situation. economic form legal
To determine if a liability should be classified as short-term versus long-term, the accountant should look at the _____ of the situation.
economic form
legal substance
economic substance
legal form
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Contemporary Auditing
Authors: Michael C. Knapp
11th edition
1305970810, 9781337514811, 1337514810, 978-1305970816
