Off balance sheet financing is an attempt to borrow monies in such a way that the obligations
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Question:
Off balance sheet financing is an attempt to borrow monies in such a way that the obligations are not recorded.
1. Explain and discuss one reason for off balance sheet financing.
2. Discuss and explain a form of off balance sheet financing and research and discuss a company that has used off balance sheet financing in an inappropriate way.
Related Book For
Accounting Theory Conceptual Issues in a Political and Economic Environment
ISBN: 978-1412991698
8th edition
Authors: Harry Wolk, James Dodd, John Rozycki
Posted Date: