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    Exam 11: Long-Term Liabilities: Notes, Bonds, and Leases
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    How Do Changes in Market Interest Rates Lead to Misstated
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How Do Changes in Market Interest Rates Lead to Misstated

Question 21

Question 21

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How do changes in market interest rates lead to misstated balance sheet values for long-term debt?

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If the market rate of interest remains c...

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