Why is it important to use present value concepts in properly valuing long-term liabilities?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:33 AM

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Why is it important to use present value concepts in properly valuing long-term liabilities?

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In reporting longterm debt obligations the emphasis is on reporting what the real economic ...View the full answer

Intermediate Accounting

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