Leong Hock, a newly hired loan analyst, is examining the current liabilities of a company loan applicant.

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Leong Hock, a newly hired loan analyst, is examining the current liabilities of a company loan applicant. He observes that unearned revenues have declined in the current year compared to the prior year. Is this a positive indicator about the client's liquidity? Explain.
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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