Question
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
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?
Who will be affect from the incorrect classification?
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
