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When a company enters into what is referred to as off-balance-sheet financing, the company removes all current and long-term liabilities from the balance sheet. wishes

When a company enters into what is referred to as off-balance-sheet financing, the company removes all current and long-term liabilities from the balance sheet. wishes to confine all information related to the debt to the income statement and the statement of cash flow. O is preventing the recording of new obligations on the balance sheet in order to show an improvement to the financial position of the company. is in violation of generally accepted accounting principles

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