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    Business
  3. Study Set
    Auditing and Assurance
  4. Exam
    Exam 15: Assets, Liabilities and Equity Related to the Financing Cycle
  5. Question
    If a Client Is in Violation of a Debt Covenant
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If a Client Is in Violation of a Debt Covenant

Question 9

Question 9

True/False

If a client is in violation of a debt covenant, the debt is shown as short-term.

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