Question: Off the balance sheet means that: a. Obligations and commitments are not recorded in the accounts of the company b. Obligations and commitments are recorded,

"Off the balance sheet" means that:

a. Obligations and commitments are not recorded in the accounts of the company b. Obligations and commitments are recorded, but in the income statement accounts c. Obligations and commitments are recorded, but in the Statement of Changes in Financial Position d. Capital Budgets are properly authorized and approved.

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