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Which of the following is not a condition necessary to exclude a short-term obligation from current liabilities? Intend to refinance the obligation on a long-term basis.

Which of the following is not a condition necessary to exclude a short-term obligation from current liabilities? Intend to refinance the obligation on a long-term basis.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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OLSdupT5zsoXgAvvtpFiwuvt9a7obbLSbrwSyykGOuliT1mwlgg/viewform?hr_submission=Chkl3ui Which of the following is not a condition necessary to exclude a short-term 1 obligation from current liabilities? O Intend to refinance the obligation on a long-term basis. O Obligation must be due within one year. O Unconditional right to defer settlement of the liability for at least 12 months. Subsequently refinance the obligation on a long-term basis. Clear selection A company has not do
Transcribed Image Text:OLSdupT5zsoXgAvvtpFiwuvt9a7obbLSbrwSyykGOuliT1mwlgg/viewform?hr_submission=Chkl3ui Which of the following is not a condition necessary to exclude a short-term 1 obligation from current liabilities? O Intend to refinance the obligation on a long-term basis. O Obligation must be due within one year. O Unconditional right to defer settlement of the liability for at least 12 months. Subsequently refinance the obligation on a long-term basis. Clear selection A company has not do
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