Questions are around the topic of working capital. Please assist in answering both questions. I...
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Accounting
Questions are around the topic of working capital. Please assist in answering both questions. I greatl appreciate the assistance, thank you.
1). Discuss the conventional financial reporting for the current portion of long-term debt. Include the implications of this approach.
2). Describe the current flaw, according to the author, in U.S. GAAP/IFRS financial standards that distorts working capital and liquidity calculations for many companies.
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