This one's got me stumped, you say to no one in particular. First day on the job;
Question:
Required:
1. Obtain the relevant authoritative literature on cash flow classification using the FASB Accounting Standards Codification. You might gain access at the FASB website (asc.fasb.org). What is the specific citation that specifies the classification of notes payable to suppliers?
2. Is accounting the same as for notes payable to banks? Explain.
3. Is accounting the same for both short-term and long-term notes payable to suppliers?
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Related Book For
Intermediate Accounting
ISBN: 978-1259548185
8th edition
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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