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Liabilities Payable Within the Coming Year Are Classified as Long-Term

Question 5

Multiple Choice

Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under:


A) U.S.GAAP.
B) IFRS.
C) Either U.S.GAAP and IFRS.
D) Neither U.S.GAAP and IFRS.

Correct Answer:

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