Accounting MCQ Current Liabilities and Contingencies Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under

Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under

Naim 08:34 Current Liabilities and Contingencies

Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under

A. US GAAP.
B. IFRS.
C. Either U.S. GAAP and IFRS.
D. Neither U.S. GAAP and IFRS.

Answer: A

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Accounting MCQ

Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under

Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under

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