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    Financial Accounting Study Set 1
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    Exam 2: Measuring and Evaluating Financial Position and Financial Performance
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    To Which Balance Sheet Grouping Does the Item 'Bank Loan
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To Which Balance Sheet Grouping Does the Item 'Bank Loan

Question 12

Question 12

Multiple Choice

To which balance sheet grouping does the item 'bank loan repayable in three years' belong?


A) Current asset
B) Noncurrent asset
C) Current liability
D) Noncurrent liability

Correct Answer:

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