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Maslowich
3 years ago
9

Kline Company refinanced current debt as long-term debt on January 5, 2019. Kline's fiscal year ended on December 31, 2018, and

its financial statements will be issued sometime in early March 2019. Under IFRS, how would Kline classify the debt on its December 31, 2018, balance sheet? Multiple Choice
a. In the "mezzanine" between current and noncurrent liabilities.
b. Kline would not classify the debt as current or noncurrent, but rather would write a disclosure note explaining the circumstances.
c. As a current liability.
d. As a noncurrent liability.
Business
1 answer:
nasty-shy [4]3 years ago
5 0

Answer:

C.

Explanation:

As a current liability.  Are obligations of the company that are expected to get paid whitin the period of one year and include liabilities such as Accounts payable, short term loans, bank overdraft, interest payable and the other liabilities of the company that are current.

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ira [324]

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3 years ago
TJX's handling of its serious data breach is consistent with which one of the following?a) Stakeholder theoryb) Stockholder theo
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Answer:

Stockholder theory

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Stockholder theory

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6 0
3 years ago
If a company spends $20 million to install new footwear-making equipment with capacity to produce 1 million pairs of athletic fo
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Answer: 10% or $2,000,000

Explanation:

Seeing as no figures were produced, we will have to do this ourselves.

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If you need any clarification do react or comment.

3 0
3 years ago
Why is inflation both good and bad how does the government try to control it?
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6 0
3 years ago
Explain the role audit committee plays in the company​
jeka94

Answer:

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Hope this helps.☝

7 0
3 years ago
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