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    Financial Accounting Study Set 2
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    Exam 9: Current Liabilities, Contingencies, and the True Value of Money
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    USStandards Require a Classified Balance Sheet, but International Accounting Standards
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USStandards Require a Classified Balance Sheet, but International Accounting Standards

Question 62

Question 62

True/False

U.S.standards require a classified balance sheet, but International accounting standards do not require companies to present classified balance sheets with liabilities classified as either current or long term.

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