What consequences can be occur if a company record a 12 months unsecured bond (if the company did not have an unconditional right to defer settlement for at least 12 months from the balance sheet) as a non-current liability in the financial reports without classifying the bond as a current liability? <\/p>
Who will be affect from the incorrect classification?<\/p>
<\/p>
<\/p>", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "0878426914", "uri": "\/textbooks\/roadside-geology-of-tennessee-1st-edition-978-0878426911-373784", "name": "Roadside Geology Of Tennessee", "edition": "1st Edition" }, "question_posted": "2024-05-31 11:07:34", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/precalculus\/find-the-derivatives-of-the-function-9-cot-sin-t", "description": "Find the derivatives of the function. 9 cot sin t t", "stars": 3 }, { "url": "\/what-is-the-reason-behind-capitalizing-expenses-what-accounting-principle", "description": "What is the reason behind capitalizing expenses? What accounting principle rests behind this accounting treatment? 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