Intermediate Accounting 105   May I please have a GAAP explanation, along with examples providing concepts?   Under what conditions should a short-term obligation be excluded from current liabilities?   Thank you so much

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
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Intermediate Accounting 105

 

May I please have a GAAP explanation, along with examples providing concepts?

 

Under what conditions should a short-term obligation be excluded from current liabilities?

 

Thank you so much

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