Current liability is debt with two key features

Current liability is debt with two key features - . 2....

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Current liability is debt with two key features: 1. Company expects to pay the debt from existing current assets or through the creation of other current liabilities
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Unformatted text preview: . 2. Company will pay the debt within one year or the operating cycle, whichever is longer....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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