The proper classification of liabilities as current assists decision-makers in determining the short-term and long-term cash needs
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The proper classification of liabilities as current assists decision-makers in determining the short-term and long-term cash needs of a company. Explain the impact on decision-makers and investors should classification errors take place. How could classifying a current liability as long-term be misleading? What possible effects might this have on a company's financial performance? Are there any ethical considerations that companies must consider?
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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