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ACC 422 Week 4 DQ 1

ACC 422 Week 4 DQ 1
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Week 4 – DQ 1

What are the criteria for classifying an item as a current liability?

What are some examples of current liabilities?

Why is it important to classify a portion of long-term debt on a yearly basis as a current liability?

What is the implication of misclassifying a liability as current or long-term?

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