A. A company may exclude a short-term obligation from current liabilities if the firm intends...
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Accounting
A. A company may exclude a short-term obligation from current liabilities if the firm intends to refinance the obligation on a long-term basis and demonstrates an ability to complete the refinancing. B. Stock dividends declared but not yet distributed are a reported as a liability until the stock is issued. C. Cash dividends should be recorded as a liability when they are declared by the board of directors. D. Unearned revenues represent advance payments for goods or services from customers
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