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    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
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    USStandards Do Not Require a Classified Balance Sheet, but International
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USStandards Do Not Require a Classified Balance Sheet, but International

Question 112

Question 112

True/False

U.S.standards do not require a classified balance sheet, but International accounting standards require companies to present classified balance sheets with liabilities classified as either current or long term.

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