Question
We often hear the term off balance sheet financing meaning that companies were using methods to avoid showing both the assets and related liability on
We often hear the term "off balance sheet financing" meaning that companies were using methods to avoid showing both the assets and related liability on the balance sheet. How has the FASB put a stop to the off balance sheet financing? How do we determine if an asset and liability go on the balance sheet?
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
17th edition
978-1259692390
