Under what circumstances may a liability be offset against a related asset, such as offsetting a bank

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Under what circumstances may a liability be offset against a related asset, such as offsetting a bank note payable against “cash in bank”?

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Feb 17, 2015 07:48 AM

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Under what circumstances may a liability be offset against a related asset, such as offsetting a bank

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Intermediate Accounting

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