Essay
Vestige,Inc.needs another loan from a bank in order to pay its bills.In order to improve its chances of getting another loan,it reports its ten-month note payable as a long-term liability.Discuss the treatment of this note payable including the financial statement presentation and the effect on the current ratio.Discuss the ethical issue with Vestige's treatment of this note payable.
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Vestige,Inc.is unethical in misrepresent...View Answer
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