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    Intermediate Accounting Study Set 7
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    Exam 22: The Statement of Cash Flows
  5. Question
    Under US GAAP, Bank Overdrafts Are Typically Considered to Be Liabilities
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Under US GAAP, Bank Overdrafts Are Typically Considered to Be Liabilities

Question 29

Question 29

True/False

Under U.S. GAAP, bank overdrafts are typically considered to be liabilities.

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