INTERMEDIATE ACCT.-WILEYPLUS ACCESS
INTERMEDIATE ACCT.-WILEYPLUS ACCESS
17th Edition
ISBN: 9781119595366
Author: Kieso
Publisher: WILEY
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Chapter 13, Problem 1ICA
To determine

Current liability: Current liability refers to the short term debts of an organization which is payable in a given period.

Short-term debt: Short-term debt refers to the current liability of an organization and that should be settled within a year.

To determine the conditions for excluding short term liabilities from current liabilities.

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