Describe the major disclosure requirements for long-term liabilities.
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Describe the major disclosure requirements for long-term liabilities.
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SFAS 47 requires note disclosure of commitments under unconditional purchase obligations that provide financing to suppliers It also requires disclosure of future payments on longterm borrowings and redeemable stock Required disclosures include For purchase obligations not recognized on purchasers balance sheet a Description and term of obligation ...View the full answer
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Related Book For
Financial Statement Analysis
ISBN: 978-0073379432
10th edition
Authors: K. R. Subramanyam, John J. Wild
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