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    Intermediate Accounting Study Set 15
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    Exam 1: Intermediate Accounting Volume 1
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    When Current Debt Is Refinanced by the Issue Date of Financial
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When Current Debt Is Refinanced by the Issue Date of Financial

Question 261

Question 261

Multiple Choice

When current debt is refinanced by the issue date of financial statements, it may generally be presented as NONCURRENT


A) if the company follows IFRS.
B) under either ASPE or IFRS.
C) if the company follows ASPE.
D) only if the company is a subsidiary.

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